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Apex Group Ltd. (“Apex” or “The Group”), a global financial services provider, today announces the planned acquisition of BRL Trust Investimentos (“BRL Trust”), Brazil’s leading independent fund administrator.
This acquisition reinforces the Group’s intent for the Latin American market, supplementing its private equity capabilities while adding liquid asset servicing capabilities for Brazil and the broader Latin American market. This deal further complements the Group’s previous announcement of its intent to acquire MAF, the fund administration business of the Brazil-based Banco Modal which is currently awaiting regulatory approval.
The BRL Trust business will add R$198bn (USD$38bn at current exchange rates) in assets under administration and R$166...
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