Apex continues growth path
Apex Group Ltd, the global financial services provider established in Bermuda in 2003, has acknowledged its massive expansion since the close of recently announced acquisitions.
The business has grown to $2.75 trillion in assets serviced across administration, custody, depositary and under management. It now includes 10,000 employees across some 85 offices in 42 markets worldwide.
The company welcomed its new strategic minority investors led by growth investor TA Associates and including sovereign investor Mubadala Investment Company and global investment firm Carlyle.
They have joined investor Genstar Capital, a growth-oriented private equity firm, as well as founder and CEO Peter Hughes and the Apex management team.
Mr Hughes said the investment interest continues to affirm company commitment to clients and employees, with some of the world’s most respected investors.
“We are grateful for Genstar’s continued support and the new investments by TA, Mubadala and Carlyle, which will help us to further build on the accelerated growth we have achieved since Genstar’s initial investment five years ago.
“This new investment ensures continuity with both investors and our clients, as well as representing an exciting opportunity to continue our growth trajectory.”