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TA Associates leads investment in Apex

Staff writer
May 27, 2022, 12:55 p.m.

Word count: 249

TA Associates, Mubadala Investment Company and The Carlyle Group have taken a minority stake in Apex Group, a financial services provider.

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TA Associates, Mubadala Investment Company and The Carlyle Group have taken a minority stake in Apex Group, a financial services provider.

The firms have invested alongside existing investor Genstar Capital, a growth-oriented private equity firm, as well as Founder and CEO Peter Hughes and the Apex management team.

Following investment from Genstar in 2017, Apex Group has grown both organically and via strategic acquisitions.

Including recently announced acquisitions, the Group has increased its assets under administration from $50bn to $2.75trn in assets serviced across administration, custody, depositary and under management, and delivered by 10,000 employees across over 85 offices in 42 markets worldwide (upon the close of recently announced acquisitions).

Genstar’s continued support and the new investment led by TA is further endorsement of Apex’s strength as a leading financial services provider, underpinned by a sustainable long-term strategy, delivered through continued focus on service excellence, investment capital to support growth, and the successful integration of recent acquisitions. 

Peter Hughes, Founder and Chief Executive Officer at Apex Group said: “The announcement endorses our business model and reaffirms our commitment to our clients and employees, with some of the world’s most respected investors joining us as shareholders.”

“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.”

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