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Apex Group Ltd. (“Apex Group” or the “Group”), one of Luxembourg’s largest financial services providers and employers, announces today the acquisition of Mainspring, a UK-based provider of venture capital fund administration and accounting services. Mainspring provides outsourced administration and accounting services to small and medium-sized venture fund managers in the UK. Mainspring also operates an FCA-regulated custody business for fund managers offering managed account investments such as EIS funds.
The addition of Mainspring adds 70 employees in two UK offices, and assets under administration (“AuA”) of £9.7bn to Apex Group. This is comprised of £3.7bn on Mainspring’s Investment Platform which provides private markets funds and deal custody, and £6.0bn of...
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