TA Associates has made a significant minority investment in Apex Group Ltd., enhancing its capabilities and growth trajectory in the global financial services sector.

Information on the Target

Apex Group Ltd. is a leading global financial services provider established in Bermuda in 2003 by CEO Peter Hughes. The Group primarily serves asset managers, financial institutions, family offices, and corporates with a diverse range of solutions. These offerings include fund services, digital banking, depositary, custody, compliance solutions, corporate services, and an innovative ESG Ratings and Advisory service tailored for private companies. With a workforce of approximately 4,500 employees, Apex operates out of 47 offices worldwide.

Under the majority ownership of Genstar Capital since 2017, Apex has experienced rapid growth both organically and through strategic acquisitions. This has resulted in a substantial increase in their assets under administration, which has surged from $80 billion to approximately $1.1 trillion, reflecting their robust service capabilities in administration, custody, and depositary functions.

Industry Overview in Apex's Specific Country

The financial services industry in Bermuda has positioned itself as a premier offshore financial center, known for its favorable regulatory environment and sophisticated service offerin