Apex Group secures equity investment from Carlyle and Mubadala

Posted: 19/07/2021

PeterHughes_Apex_jul21Apex Group has announced that global investment firm Carlyle and sovereign investor Mubadala Investment Company have taken minority stakes in the business. 

Carlyle and Mubadala have invested in the ordinary share capital alongside founder and CEO Peter Hughes, majority investor Genstar and growth investor TA Associates, previously announced as taking a significant minority strategic investment in the group. 

This investment builds on Carlyle’s relationship with Apex following a preferred equity investment in November 2020, both of which were provided by Carlyle’s Global Credit platform.

Following investment from Genstar in 2017, Apex has grown organically and via strategic acquisitions, increasing its assets under administration from $50bn to $1.5trn in assets serviced across administration, custody, depositary and under management.

This follows news last week that the group has secured corporate ratings from Moody’s Investors Service and S&P Global Ratings.

Apex CEO Peter Hughes (pictured) commented: “We are pleased to be expanding our relationship with Carlyle and to welcome Mubadala to our investor base.

"We now have the equity backing of three reputable institutions, including our majority owner Genstar.

"These investments strengthen our position in the market and signal our intent to continue expanding and evolving our business over the coming months and years.”

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