Apex is to acquire SandsPoint Capital Advisors, a U.S.-based professional services firm in the real estate sector. SandsPoint provides advisory and consultancy services to alternative asset managers, within the RE market. Outsourced services include fund accounting & administration, property accounting & administration, portfolio analysis, treasury services & expense processing, and are supplemented by consulting and…
Category: M&A
Apex closes Sanne acquisition
Apex has closed the acquisition of Sanne Group plc, the UK-based provider of alternative asset and corporate services. Following the close of the acquisition, Apex now services nearly USD3trn in assets across administration, depositary, custody and management. The addition of Sanne brings another 2,500 people into the group and adds six new locations in Denmark,…
CSC & Intertrust gain BVI clearance
CSC and Intertrust, which reached a conditional agreement in 2021 on the terms of a takeover by CSC, have obtained regulatory clearance for the deal in the British Virgin Islands. Together with the regulatory clearances obtained in Curaçao, Guernsey, Hong Kong, Jersey, the United Arab Emirates and the United Kingdom, CSC and Intertrust have now…
Sanne reports record new business wins
Days before its takeover by Apex is scheduled to be considered by the Royal Court of Jersey, Sanne, the UK-listed provider of alternative asset and corporate services, has reported a record level of new business wins for H1 2022. The annualised value of new business wins in the period was up 24.8pct on the same…
TMF adds new backer
TMF Group, the Netherlands-based investor services provider, has received an investment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). ADIA becomes a new investor alongside TMF’s existing backer, CVC Capital Partners.
Apex acquires Context365
Apex has acquired the technology platform and conference business of Context365 LLC, a provider of technology and events that connects alternative asset class investors with asset managers. Context365 connects LPs and GPs through its SaaS digital networking and research platform, complementing the group’s existing digital marketing platform, Profilir. In addition, Context365 has a well-established summit…
Inversis to acquire stake in Adepa
Inversis, a 100ct subsidiary of Spain’s Banca March specialising in global solutions for financial asset distribution, has agreed to acquire 40pct of Adepa, a Luxembourg-based group providing management and administration services for investment vehicles (UCITS and alternative funds, including real estate and venture capital), which has operations in Luxembourg, Spain, Italy and Chile. The agreement…
Apex to acquire Darwin
Apex plans to acquire Darwin Depositary Services, a Netherlands-based provider of depositary services for alternative investment funds. Darwin will add EUR4.5bn (USD4.7bn) of assets, expanding the geographic scope of Apex’s independent depositary services, currently delivered through subsidiary European Depositary Bank in Luxembourg, Ireland, UK and Malta. Darwin’s management team will join Apex following completion of…
TMF acquires in UAE
TMF Group, a Netherlands-based provider of compliance and administrative services, has acquired Etive Consulting, a UAE-based company providing compliance advisory, governance support, and AML services, among others. The company serves start-ups and large international companies in Abu Dhabi and Dubai. As a result of the deal, eleven employees will join TMF UAE. Katrina Bradley, who…
Apex to acquire in Malta
Apex plans to acquire ZASMalta, a specialist provider of regulatory compliance and risk management services. Malta-based ZAS provides regulatory compliance and risk management, reporting and internal audit services to USD20bn of assets across 50 clients. The acquisition will expand Apex’s presence in the Malta market where the group has been actively involved in the funds…