London, April 11, 2023 — MJ Hudson, the end-to-end solutions provider to the asset management industry, today announces that it has entered into an agreement for the bulk of its operating businesses to join Apex Group Ltd., a global financial services provider.
Subject to shareholder approval, the agreement will see MJ Hudson’s market-leading and award-winning Data & Analytics and Business Outsourcing divisions join one of the world’s largest financial services providers. The transfer of regulated business units within the Business Outsourcing division is subject to the usual regulatory approvals.
Apex Group was founded in 2003 and has grown to more than 12,000 employees (including announced acquisitions), working from 94 offices in 38 countries. It provides its clients with a full suite of products and services that span the value chain. Apex Group has significant integration experience, and a dedicated team has already begun work to ensure that the process is smooth for both clients and staff.
Geoff Miller, Chairman of MJ Hudson said:
“I am delighted that we have reached this agreement for MJ Hudson’s operating businesses to join Apex Group, providing stability and continuity for our staff and clients. Apex Group is a dynamic new owner for our business, providing excellent growth prospects through a robust global network and we look forward to the additional services we can now provide to our clients. We are excited by the opportunities this transaction offers as we start a new chapter with Apex Group.”
Peter Hughes, Founder and Chief Executive Officer of Apex Group said:
“Over the past few months, I have had the privilege of spending significant time with MJ Hudson team members, from across the firm. I am thrilled that we can soon count these exceptional people as part of the Apex Group family. We look forward to sharing our knowledge and experience for the benefit of our clients and to driving positive change in the financial services industry, together.”
MJ Hudson was advised by Alvarez & Marsal and Walker Morris. Apex Group was advised by Rothschild & Co and Kirkland & Ellis International LLP.
Contact:
MJ Hudson
Matthew Craig-Greene
CMO, Managing Director IR & Marketing Solutions
Email: matthew.craig-greene@mjhudson.com
Tel: +44 (0) 7428 796373
Notes to Editors
ABOUT MJ HUDSON
MJ Hudson (AIM:MJH) is the end-to-end solutions provider to the asset management industry, specialising in private markets and alternative investments. The firm helps fund managers and investors run more smoothly and perform at their best, through an integrated suite of advisory, outsourcing and analytical services, supported by a range of sophisticated digital tools.
MJ Hudson’s team serves more than 1,000 clients, across the globe, including some of the industry’s largest players.
MJ Hudson was admitted to the AIM market of the London Stock Exchange in 2019.
For more information, please visit our website: www.mjhudson.com/investors
LinkedIn: www.linkedin.com/company/mj-hudson/
Twitter: www.twitter.com/MJHudsonCorp
ABOUT APEX GROUP
Apex Group Ltd established in Bermuda in 2003, is a global financial services provider. With more than 80 offices worldwide and 12,000 employees in 38 countries, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients, and family offices. Apex Group has continually improved and evolved its capabilities to offer a single-source solution by establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services (including human resources and payroll), and a pioneering ESG ratings and advisory solution. Apex Group’s purpose is to be more than just a financial services provider. Apex Group is committed to driving positive change to address three core areas, namely the environment and climate change, women’s empowerment and economic independence, and education and social mobility.