TA Associates’ Minority Investment in Apex Group

Goodwin Procter LLP advised TA Associates, while Willkie represented Genstar Capital and its portfolio company Apex Group in the transaction.

TA Associates, a leading global growth private equity firm, announced a significant minority investment in global financial services provider Apex Group Ltd. (“Apex” or “The Group”). Apex is majority-owned by Genstar Capital, a leading private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries. The investment reinforces Apex’s strength as a leading financial services provider to investors, financial institutions and corporates.

Founded in Bermuda in 2003 by CEO Peter Hughes, Apex Group is a global financial services provider to asset managers, financial institutions, family offices and corporates. Apex has continually improved and evolved its capabilities to offer a single-source solution through a broad range of products including fund services, digital banking, depositary, custody, super ManCo services, compliance solutions, corporate services, and a pioneering ESG Ratings and Advisory service for private companies. The Group’s single-source solution is delivered by 4,500 employees across 47 offices worldwide. Following an investment from Genstar in 2017, the Group has grown both organically and via strategic acquisition, increasing its assets under administration from $80bn, to $1.1 trillion in assets serviced across administration, custody, depositary and under management.

Morgan Stanley & Co. LLC and Macquarie Capital served as financial advisors to Genstar.

The Goodwin team comprised: Mike Kendall (Picture), Christian Iwasko, Sava Savov, Tessa Agar, Rosie Maguire, and Tanzilah Iqbal (Private Equity); Alexandrine Armstrong-Cerfontaine, Harry Ghillemyn, Vincent Herjean, and Oana Millich (Luxembourg); Hugh O’Sullivan, Richard Hughes, and Nadim Islam (Finance); Dulcie Daly, and Howard Cubell (Tax); Simone Waterbury (Litigation); Genevieve Watt (Technology); and Gretchen Scott and Curtis McCluskey (Data, Privacy, and Cybersecurity).

The Willkie deal team was led by partners Jeffrey Poss, Manuel Miranda, and included Phil Coletto and included associates Thomas Sharkey, Halie Klein and Gregory Segal.

Involved fees earner: Tessa Agar – Goodwin Procter; Alexandrine Armstrong-Cerfontaine – Goodwin Procter; Howard Cubell – Goodwin Procter; Dulcie Daly – Goodwin Procter; Harry Ghillemyn – Goodwin Procter; Vincent Herjean – Goodwin Procter; Richard Hughes – Goodwin Procter; Nadim Islam – Goodwin Procter; Christian Iwasko – Goodwin Procter; Michael Kendall – Goodwin Procter; Rosie Maguire – Goodwin Procter; Curtis McCluskey – Goodwin Procter; Oana Millich – Goodwin Procter; Hugh O’Sullivan – Goodwin Procter; Sava Savov – Goodwin Procter; Gretchen Scott – Goodwin Procter; Simone Waterbury – Goodwin Procter; Genevieve Watt – Goodwin Procter; Philip Coletto – Willkie Farr & Gallagher; Halie Klein – Willkie Farr & Gallagher; Manuel Miranda – Willkie Farr & Gallagher; Jeffrey Poss – Willkie Farr & Gallagher; Gregory Segal – Willkie Farr & Gallagher; Thomas Sharkey – Willkie Farr & Gallagher;

Law Firms: Goodwin Procter; Willkie Farr & Gallagher;

Clients: Apex Group; Genstar Capital; TA Associates;

Author: Martina Bellini