May 9, 2017

Willkie client Genstar Capital leads recapitalization of Apex, and acquisition of Equinoxe, with focus on enhancing services and providing capital for strategic growth initiatives.

On May 9, Willkie client Genstar Capital, a leading middle-market private equity firm, announced separate definitive agreements to recapitalize independent fund administrator Apex Fund Services and simultaneously acquire Equinoxe Alternative Investment Services.

With 32 offices worldwide, Bermuda-based Apex provides back office, middle office, regulatory reporting and other administrative services to a global customer base of asset managers across all asset classes. With the addition of Equinoxe, Apex will increase its suite of middle office solutions and will administer close to $80 billion in assets.

San Francisco-based Genstar manages funds with total capital commitments of approximately $9 billion, and focuses on targeted segments of the financial services, software, industrial technology and healthcare industries. Willkie represented Genstar in numerous previous acquisitions, including Sphera, Ascensus, AssetMark, Altegris, Strategic Insight and Mercer Advisors.

The Willkie deal team on the Apex and Equinoxe transactions was led by partners Jeffrey Poss and Manuel Miranda.