Apex Group Acquires Majority Stake in FundAdminChain

March 31, 2022

Willkie represented Apex Group in the transaction.

On March 15, Apex Group Ltd., a global financial services provider, announced its acquisition of a majority stake in FundAdminChain (FAC), a distributed ledger-based network for launching, distributing, trading and settling collective investment funds.

FAC is designed to connect fund investors, fund managers and their service providers in a digital distributed ecosystem. In addition to simplifying and streamlining the investment funds’ value-chain, FAC delivers additional revenue opportunities for funds industry participants.

Apex Group, established in Bermuda in 2003, is a global financial services provider. With over 50 offices worldwide and 8,000 employees, Apex Group provides an extensive range of services to asset managers, capital markets, private clients and family offices.

Willkie previously advised Apex Group and its private equity sponsor Genstar Capital on numerous transactions, including Apex Group’s recent acquisitions of BRL Trust Investimentos, a leading independent fund administrator in Brazil, and fund services provider Tzur Capital Management Ltd. The Firm also recently advised Genstar and Apex Group on a significant minority investment in Apex by TA Associates.

The Willkie team was led by partner Philip Coletto and included associate Julian Grant and trainee solicitor Harry Buchanan.