Sanne : Transformative acquisition of Sanne by Apex Group closes

Apex Group Ltd. ("Apex Group" or the "Group"), a global financial services provider, announces today the close of the acquisition of Sanne Group plc ("Sanne"), a leading global provider of alternative asset and corporate services.

The close of the Sanne acquisition now positions Apex Group as a global, top-tier independent service provider, servicing nearly $3trn in assets across administration, depositary, custody and under management. The addition of Sanne brings another 2,500 people into the Group and adds six new locations in Denmark, Japan, Serbia, South Africa, Spain and Sweden. Apex Group now operates from over 80 offices in more than 40 markets worldwide, with over 10,000 employees.

The addition of Sanne adds further depth of product and experience in serving the closed-ended Private Equity, Private Debt, Capital Markets, Loan Agency, and Real Assets markets, as well as expanded geographic footprint in the US, central Europe, Africa and APAC, enabling the Group to better support clients in every location and stage of their lifecycle.

Sanne's clients will now benefit from access to the Group's single-source solution, including services such as ESG Rating, Reporting & Advisory and Digital Banking, offered globally and delivered locally by experienced teams.

This is the latest - and largest - in a series of 31 successfully completed global acquisitions for the Group including the recent additions of MMC Group, ASX-listed Mainstream Group and the announced acquisition of Maitland.

Jefferies and J.P. Morgan Cazenove advised Sanne on the acquisition, with Merrill Lynch International, N.M. Rothschild & Sons Limited and Deutsche Bank acted as joint financial advisers to Apex Group.

Addleshaw Goddard LLP and Carey Olsen Jersey LLP acted as legal advisers to Sanne. Kirkland & Ellis International LLP acted as legal advisers to Apex Group.