Bermudian-based global financial services provider Apex Group Ltd has announced the successful closing of the acquisition of the Corporate and Private Client Services and Throgmorton businesses of Link Group’s asset services division.

The acquisition of CPCS and Throgmorton adds more than 600 employees and 6,000 clients to the Apex Group, across multiple markets, and bolsters Apex’s corporate services capabilities adding specialist hubs in the United Kingdom, Jersey, Ireland, Luxembourg, the Netherlands, Hungary and Switzerland, the company said.

Peter Hughes, chief executive officer and founder of Apex, said: “I am very proud of what we have accomplished at Apex. The addition of CPCS and Throgmorton solidifies the final pillar of our four core service segments through integration of their well-established corporate services offering. We are now able to offer our clients a truly comprehensive solution across the full ecosystem of third party providers, global asset managers and allocators would usually use.”

Matt Claxton, former chief executive officer of Corporate & Private Clients for Link, and now global head of corporate services and private clients for Apex, said: “Apex has achieved phenomenal growth and advanced in so many ways to become an impressive global financial services provider. As part of the Apex Group, both CPCS and Throgmorton clients will benefit from enhanced global expertise across the broadest range of solutions in the industry. Our businesses add an additional layer to Apex’s market-leading capabilities. I am delighted to be part of this impressive organisation and look forward to contributing to, and being part, of its ongoing success”.

Over the past 18 months, the company said, Apex has successfully executed a programme of strategic acquisitions to deliver on its ambition to offer a unique end-to-end solution for global asset managers and allocators. The acquisitions, which include Deutsche Bank’s fund servicing business and M M Warburg & Co’s asset management and servicing business in Luxembourg, have enabled the firm to deliver a full suite of products beyond core fund accounting with the firm now offering four key service areas: open-ended fund administration, private equity and real estate fund administration, banking and depositary plus corporate services solutions.

Macquarie Capital served as financial advisor and Willkie Farr & Gallagher LLP provided legal counsel to Apex for the just-closed transaction.