News entreprises
Apex Group Ltd. (“Apex Group” or the “Group”), the leading global financial services provider, announces the acquisition of Finix Group – a Chilean-based financial services company.
Founded in 2012, Finix Group were pioneers in the fund administration market in Chile. In 2020, Finix Group merged with Compass Group Fund Administration Business consolidating Finix Group in the third-party asset management industry with more than $10.5bn USD. As of 2024, Finix Group provides services to multiple entities, supporting their local and global investment vehicles. Additionally, it handles about 300 funds with different Back Office services.
The addition of Finix Group adds around 100 employees and assets under administration of $10.5bn USD to Apex Group.
This strategic move gives Apex Group the opportunity to enter the Andean Latin American market with a leading partner. A partner who has local knowledge and insights of the financial services sector in the Chilean market and beyond, consolidating Apex Group’s presence across the region with teams operating in both Brazil and Uruguay. Apex Group leads the industry with a broad and unmatched range of services, including capital raising, business and corporate management, fund and investor administration, portfolio and investment administration, ESG, capital markets and transactions support. Finix Group’s clients will now benefit from these services that are tailored to each client need and are delivered both at group level and via specialist subsidiary brands.
Peter Hughes, Founder and CEO of Apex Group, says: “Having already firmly established roots in both the Brazilian and Uruguayan markets, I’m extremely pleased to now further grow our footprint within the Latin American market with this acquisition; and we welcome Finix Group. I look forward to embarking on this journey together and to delivering exceptional value to Finix Group’s clients across Latin America and beyond.”
Raimundo Ducci, Founder and Executive Director of Finix Group, says: “The integration with Apex Group marks a significant milestone in the company’s internationalisation efforts, reinforcing the progress we've made, positioning Chile as a leading hub for developing the financial services industry across the Andean region.”
DLA Piper served as financial advisors to Finix Group, with Bansud Capital providing legal advice. PPU Legal served as legal advisors to Apex Group on the transaction.