Kirkland advised Apex Group, while McDermott, Will & Emery advised Maitland on the deal.
Apex Group Ltd., a global financial services provider, announced the acquisition of the fund services and third-party management company business operations of Maitland International Holdings plc, an international fund services provider. This strategic acquisition adds $200 billion of Assets under Administration and $17 billion of Assets under Management to the Apex platform. Terms of the transaction are undisclosed.
Apex Group Ltd., established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and over 9,000 employees upon the close of announced acquisitions, Apex delivers an extensive range of services to asset managers, capital markets, private clients and family offices.
Maitland is privately-owned and has offered independent third-party fund administration services since 1990 and ManCo services since 2014. Maitland’s 475 talented employees across South Africa, the United Kingdom, Guernsey, and Luxembourg serve client base of traditional, alternative (hedge, infrastructure and private equity), and mutual funds.
Macquarie acted as financial advisor to Apex Group. Nomura served as financial advisor to Maitland.
The Kirkland team was led by corporate partners Aprajita Dhundia (Picture), Rachel Wolfenden and David Higgins and associates Nina Janic and Dan Simpkin, debt finance partner Sam Sherwood, technology & IP transactions partner Jenny Wilson, financial regulatory partner Colin Sharpsmith and tax partner Sam Trowbridge.
Involved fees earner: Aprajita Dhundia – Kirkland & Ellis; David Higgins – Kirkland & Ellis; Nina Janic – Kirkland & Ellis; Colin Sharpsmith – Kirkland & Ellis; Sam Sherwood – Kirkland & Ellis; Dan Simpkin – Kirkland & Ellis; Sam Trowbridge – Kirkland & Ellis; Jennifer Wilson – Kirkland & Ellis; Rachel Wolfenden – Kirkland & Ellis;
Law Firms: Kirkland & Ellis;
Clients: Apex Group;