ESG Ambitions: Apex Group to Buy MJ Hudson Businesses
Apex Group, a worldwide financial services provider, has revealed its intention to acquire several operating businesses of MJ Hudson, a company that offers asset management services with a focus on private markets and alternative investments.
The Apex Group plans to purchase various business divisions of MJ Hudson, which include ESG solutions, Management Company (ManCo) services, Investment Advisory, Custodian Bank Benchmarking, Channel Islands Fiduciary and Fund Administration, Investor Relations and Marketing Solutions, and Quantitative Solutions.
MJ Hudson specialises in private markets and alternative investments and provides services to the asset management industry.
By acquiring MJ Hudson's ManCo services in Ireland and Luxembourg, Apex Group plans to expand its existing European ManCo offering via FundRock in Luxembourg, the UK, and Guernsey. The acquisition is expected to add around €80 billion of assets under management to Apex Group's portfolio. The team of experienced Irish ManCo professionals from MJ Hudson will join Apex Group in Dublin, ensuring that the company can continue to provide excellent service to both existing and future clients.
The Group's ESG Ratings & Advisory offering will be complemented by MJ Hudson's Data & Analytics business, including ESG services. Apex's ESG Ratings & Advisory offering, which serves over 400 GPs & LPs and 2,000+ portfolio companies across 50+ countries, was launched in 2019.
Apex Group will expand its global financial services offering by acquiring MJ Hudson’s Channel Islands Fiduciary and Fund Administration businesses, as well as its Investor Relations and Marketing Solutions business units. This acquisition will strengthen the Apex Group’s presence in the Channel Islands, where it already employs more than 550 local experts.
The Group's acquisition of various operating businesses of MJ Hudson will offer a single-source solution to clients, with additional digital banking, depositary, and custody services provided across the full value chain of their business. The Group offers solutions globally via 12,000 employees in 38 countries with market-leading technology.
Apex Group's acquisition of MJ Hudson's business units is part of the company's ongoing strategic acquisitions that aim to expand its service offering and geographic reach. This move follows the successful integrations of Sanne Group and Maitland, further strengthening the Group's market position and technology platforms.
Peter Hughes, CEO of Apex Group, stated that the acquisition of MJ Hudson's businesses will strengthen their presence in Europe, especially in ManCo and Fund Administration solutions, and add complementary advisory services, including in ESG.
He added that the addition of MJ Hudson's ManCo business will consolidate their position as one of the largest super ManCo providers in both the Luxembourg and Irish markets. He also expressed his excitement about welcoming new clients and 250 colleagues to Apex Group, which offers a secure and supportive home for their future growth and success.
Geoff Miller, MJ Hudson's Chairman, said, "Apex Group provides the perfect platform for our teams to continue to support asset managers with the right resources, advice, and technology to meet their ever-changing outsourced service needs. We are excited about the opportunities this deal offers for both MJ Hudson's employees and clients, and we look forward to starting a new chapter as part of the Apex Group."
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Source: Apex Group