Investor services group Apex continues to indulge its passion for acquisitions after announcing the planned purchase of MJ Hudson.
The Jersey-based firm specializes in private markets and alternative investments and has various business divisions covering ManCo services, ESG offerings, custodian benchmarking and fund administration.
The ManCo services offered by MJ Hudson in Ireland and Luxembourg will add roughly €80 billion in assets under management to Apex’s current ManCo offering in Europe. MJ Hudson’s Irish ManCo team will join Apex’s Dublin office, while the Luxembourg team will operate under the FundRock brand following Apex’s acquisition of FundRock in 2021.
Since then, Apex has added two other ManCo operators, Maitland and Sanne Group, to its roster in a bid to be the largest ManCo operator in Europe.
Meanwhile, MJ Hudson’s data and analytics business will be added to Apex’s current ESG ratings and advisory offering.
Apex founder and chief executive Peter Hughes said acquiring MJ Hudson’s various businesses would “deepen our footprint in Europe, particularly about ManCo and Fund Administration solutions, and will add complementary advisory services, including in the fast-growing ESG space”.
No financial details of the planned acquisition were disclosed.
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