Apex Group has announced the acquisition of German-based fund mola-administration as one of the most active M&A streaks in fund services history continues.
The new acquisition establishes Apex Group’s local presence in Germany, adding to its existing capabilities to serve clients in Germany and the wider European market.
The German fund administrator serves a range of clients, providing services to private equity firms, venture capital, debt, special situations and digital assets funds managing €3.5 billion of assets.
The acquisition of mola-administration falls in line with Apex Group’s geographic expansion strategy. The Group has had a spree of acquisitions this year, acquiring Israeli fund administrator, Tzur Management, as well as Brazilian fund administrator, BRL Trust Investimentos.
In addition, Apex are still in line to acquire Mainstream Group after it was announced that SS&C pulled its offer in the bidding war for the Australian fund administrator.
“We have long considered Germany to be a market of huge opportunity for our business and have been awaiting the right acquisition to enable our expansion into the geography. All our strategic acquisitions are motivated by the increased value and benefits they can deliver for our clients and this further expansion of our cross-border offering in Europe will further enable the provision of expert local market support,” said Peter Hughes, founder and CEO of Apex Group.
“The addition of mola-administration to the Group continues to strengthen the geographic footprint and reach of our single-source solution, enabling us to seamlessly support our clients, regardless of their location.”
With the acquisition of mola-administration, Apex Group increases its overall European presence to over 2,000 people across 17 offices.
“We are excited to become part of the Apex Group and the benefits that their international reach and depth of product offering will deliver for our clients. Apex’s respected global brand and experts, as well as their wide range of innovative client services such as ESG reporting and advisory are underpinned by leading technology which will benefit our current and future clients throughout the lifecycle of their funds,” said Frank Falkenberg, CEO of mola-administration.
“As part of the Apex Group we will be able to generate significant value for the clients and we look forward to the future together.”