Apex Group, a global financial services provider, is set to acquire GFin Corporate Services, a Mauritius-based licensed management company, providing fund administration services to institutional clients.
GFin provides services such as company, trust and fund formation, corporate and trust administration, fund administration, corporate structuring, tax compliance, accounting and tax services, and net asset value (NAV) calculation.
Apex has already established a presence in Mauritius and provides locally delivered solutions across fund administration and corporate solutions.
Following the acquisition, GFin’s clients are set to benefit from Apex's international presence, and the acquisition will add 130 qualified professionals with a focus on funds and cross-border investment servicing to the Apex Group.
Peter Hughes, founder and CEO of Apex Group, commented: “The acquisition of GFin further strengthens Apex’s presence in Mauritius, a growing regional hub for investors looking to access both Asian and African markets.”
Hughes added: “GFin has grown to become one of the leading administrators in Mauritius and will add depth to the services and products on offer to our clients.”
Tej Gujadhur and Santosh Gujadhur, co-CEOs and co-founders of GFin, said: “We are confident that this transaction will enable us to better serve both new and existing clients by drawing on Apex’s global network, density of product and innovative solutions. We remain, in our new roles, deeply committed to the ongoing business, our clients and our team members both old and new.”
This news follows Apex’s recent acquisitions of transfer agency IASL, FundRock, Banco Modal’s Brazilian fund administration business, and Praesidium Advisory, a compliance and risk advisory firm based in the United Arab Emirates.
