Apex Group has announced the acquisition of Sanne Group, a global provider of alternative asset and corporate services.
The close of the Sanne acquisition now positions Apex Group as an independent provider servicing nearly $3trn in assets across administration, depositary, custody and under management.
The addition of Sanne brings another 2,500 people into the Group and adds six new locations in Denmark, Japan, Serbia, South Africa, Spain and Sweden. Apex Group now operates from over 80 offices in more than 40 markets worldwide, with over 10,000 employees.
Sanne’s clients will now benefit from access to the Group’s single-source solution, including services such as ESG Rating, Reporting & Advisory and Digital Banking, offered globally and delivered locally by experienced teams.
This is the latest, and largest, in a series of 31 successfully completed global acquisitions for the Group including the recent additions of MMC Group, ASX-listed Mainstream Group and the announced acquisition of Maitland.
Pictured: The acquisition means Apex now service close to $3trn in assets.
Peter Hughes, Founder and CEO of Apex Group said the acquisition is a major point in the firms history: “Our M&A strategy is not simply about growth, it’s about expanding our capabilities and experience to be the best possible service partner to our clients.
“Bringing Sanne into the Group enables us to offer increased product depth, and a wider geographic footprint. We acknowledge the complementary strengths of each business and are excited to leverage this combined offering to drive the next stage of our evolution.”
Martin Schnaier, Chief Executive Officer at Sanne Group, added: “The strong performance in the first half of 2022 is testament to Sanne’s strengths and market reputation as we have seen record levels of new business wins and organic growth return to our targeted double-digit levels.
“It also reflects the qualities recognised by Apex Group in acquiring the business and it should ensure that this transformational combination creates a leading, end-to-end service provider to the alternative assets market, with unmatched capabilities and scale.
“As we now look forward to joining Apex Group, we are confident in the benefits that this deal should bring for our clients and our people across the globe.”
Pictured (top): Peter Hughes.
Once your comment has been submitted, it won’t appear immediately. There is no need to submit it more than once. Comments are published at the discretion of Bailiwick Publishing, and will include your username.
There are no comments for this article.