Apex is to acquire Implemented Investment Holdings Limited, the parent company of Implemented Investment Solutions and InvestNow. IIS provides investment services to large global fund managers, enabling them to establish and distribute New Zealand domiciled funds to their investors. Their clients also include New Zealand-based investment companies, including specialist investment managers, KiwiSaver providers, adviser groups,…
Category: M&A
Apex to acquire in Canada
Apex plans to acquire Prometa Fund Support Services Inc., a Canada-based provider of fund services. Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers >CAD28bn (USD21.5bn) for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. The…
Universal Investment secures new investor
Universal Investment Group, the third-party ManCo and fund administration service provider, has secured a significant investment from Canada Pension Plan Investment Board (CPP Investments), alongside existing lead investor Montagu. The investment is subject to regulatory clearances. Universal Investment serves both institutional investors and asset managers and is active across the three largest European fund domiciles:…
IQ-EQ acquires in U.S.
IQ-EQ, the Luxembourg-based investor services provider, has acquired JGM Fund Services, a U.S. provider of fund administration and tax services for alternative investors specialising in the real estate and private equity asset classes. The acquisition of JGM increases IQ-EQ’s U.S. employee base to >650+ and >4,000 globally.
Apex to acquire Mainspring
Apex has announced plans to acquire Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an FCA-regulated custody business for fund managers offering managed account investments such as EIS funds. Mainspring has…
Hazeltree secures USD14m funding
Hazeltree, the U.S.-based provider of treasury and liquidity management technology for the alternative asset and investment management industries, has secured a USD14m strategic investment. The investment round was led by FINTOP Capital, a venture capital firm focused on fintech B2B SaaS companies, and joined by Hamilton Lane, a leading private markets investment management firm. Rick…
Apex to acquire SandsPoint
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…
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…