TA Associates, a global growth private equity firm, has taken a significant minority investment in Apex Group Ltd. Apex is majority-owned by Genstar Capital, a private equity firm. Apex recently passed the USD1trn mark in AuA.
Category: M&A
Alter Domus acquires Beechbrook’s AIFM in Ireland
Alter Domus, the Luxembourg-based provider of services for the alternative investment industry, has launched AIFM and depositary services in Ireland. The launch follows approval by the Central Bank of Ireland for the acquisition of Beechbrook Capital’s Irish AIFM, and authorisation for Alter Domus’ depositary services.
LLR invests in Archer
Archer, a U.S.-based service provider to the investment management industry, has received a capital injection from LLR Partners, a lower middle market private equity firm investing in technology and healthcare businesses.
Intertrust acquires corporate secretarial business in HK
Intertrust has acquired the Hong Kong-based corporate secretarial business of Pinsent Masons, an international law firm. The acquisition enables Intertrust to offer a fully integrated corporate services proposition to its clients in Hong Kong and the wider APAC region and supports the firm’s regional growth strategy.
Apex to acquire Brazil’s BRL Trust
Apex plans to acquire Brazil’s BRL Trust Investimentos, an independent fund administrator. The BRL Trust business will add BRL198bn (USD38bn) AuA and BRL166.7bn (USD32bn) AuC across 560 international and Brazilian investment funds. The deal comes after Apex’s previous announcement of its intention to acquire MAF, the fund administration business of the Brazil-based Banco Modal, which…
CSC acquires PEF
CSC, a U.S.-based provider of business, legal, tax, and digital brand services, has acquired PEF Services LLC, a U.S.-based provider of fund administration services to private capital firms and their investors, including private equity, private debt, venture capital and U.S.-based small business investment companies (SBICs). Anne Anquillare, CEO and president of PEF, joins CSC as…
Insight sells Fenergo to Astorg and Bridgepoint
Insight Partners, the owner of Fenergo, the Ireland-based provider of KYC and client lifecycle management software solutions for financial institutions, has reached an agreement to sell the business to Astorg and Bridgepoint. Terms have not been disclosed.
Apex acquires Israel’s Tzur Management
Apex has acquired Tzur Management, an Israeli fund administrator with offices in Tel Aviv and New York. The acquisition of Tzur will add 90 employees and AuA of USD13bn. Founded in 2011, Tzur is a full-service fund services provider serving clients in the global alternative investment sector.
Cowen invests in PolySign to develop digital assets custody
Cowen Digital Asset Investment Company LLC, a division of U.S.-based investment bank Cowen Inc., and PolySign, Inc. have formed a strategic partnership, to enable Cowen’s institutional clients to secure, access and leverage cryptocurrencies and digital assets in their portfolios. In support of the partnership, Cowen has made a USD25m investment in PolySign, leading the USD53m…
Galaxy Digital to acquire BitGo
Galaxy Digital, a U.S.-based financial services provider in the digital asset, cryptocurrency, and blockchain technology sectors, has agreed to acquire BitGo, an independent digital assets infrastructure provider. BitGo was the first independent regulated custodian in the U.S., purpose-built for digital assets. It has >USD40bn AuC, serving over 150 exchanges and over 400 institutional clients.