Apex Announces Successful Close of Deal With Genstar And Acquisition of Equinoxe
BERMUDA, September 11, 2017 – Apex Fund Services (“Apex”) and Genstar Capital (“Genstar”)
announced today that they have completed the recapitalization of Apex and the subsequent acquisition of
Equinoxe Alternative Investment Services (“Equinoxe”).
The transaction was first announced in May, and was subject to regulatory approval in several of the
jurisdictions in which Apex and Equinoxe operate.
The combined firm now administers USD $80 billion in assets, servicing its global client base through 35
offices and 720 staff worldwide. Apex Founder Peter Hughes retains a significant equity stake in the
combined business and serves as CEO of the combined entity.
Hughes commented, “After a busy few months I am extremely pleased to confirm that we have completed
the process with Genstar and merged Equinoxe into the Apex Group. The addition of Equinoxe further
expands Apex’s middle office capabilities and the group will continue to build on this momentum for
growth across all areas of service as we focus on our target of becoming a top five global fund administrator within the next five years.”
Steve Castree of Equinoxe added, “The completion of this deal symoblises an exciting time for independent
fund administrators. The increasing demand from funds for global service providers that can maintain
flexibility and a personal service means we are able to join forces and become one of the world’s top 15
largest fund administrators. Joining Apex is a natural fit for Equinoxe as we already have a shared
philosophy for always putting client service standards first.”
About Apex Fund Services
Apex Fund Services, established in Bermuda in 2003, is one of the world’s largest independent fund
administration and middle office solutions providers. Apex has continually improved and evolved
its product suite by surrounding these core administrative services with additional products spanning
the full value chain of a fund. The globally distributed service model is delivered by over 720 staff,
across 24 jurisdictions. With $80bn in assets under administration, Apex now administers the
investments of some of the largest funds and institutional investors in the world.
www.apexfundservices.com
About Genstar Capital
Genstar Capital (www.gencap.com) is a leading private equity firm that has been actively investing in high
quality companies for nearly 30 years. Based in San Francisco, Genstar works in partnership with its
management teams and its network of strategic advisors to transform its portfolio companies into industry leading businesses. Genstar manages funds with total capital commitments of approximately $9 billion and targets investments focused on targeted segments of the financial services, software, industrial technology, and healthcare industries. Genstar’s current and previous investments in financial and business services companies include Ascensus, AssetMark, Strategic Insight, Mercer Advisors, Altegris, and the recently announced acquisition of Institutional Shareholder Services.
Contacts:
Apex Fund Services
Rosie Guest, Global Marketing Director
rosie@apexfunds.co.uk
Genstar
Chris Tofalli, Chris Tofalli Public Relations, LLC
914-834-4334
