Apex Group has closed the acquisition of GFin Corporate Services, a Mauritius-based and licensed management company.
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.
GFin’s integration into the group will enhance Apex’s established presence in Mauritius, supporting the provision of locally delivered fund administration and corporate solutions to clients.
As part of the acquisition, announced in December last year, GFin’s clients will now benefit from the Apex’s international footprint; accessing new markets through the group’s globally connected operating model across 45 offices.
GFin’s co-CEOs and co-founders, Tej Gujadhur and Santosh Gujadhur, will take on leadership roles within Apex Group in Mauritius, ensuring continuity of relationships for clients.
In a joint statement, Tej Gujadhur and Santosh Gujadhur, explain they are “excited for this transformative stage as GFin becomes part of the Apex Group”.
It continued: “Our clients will benefit hugely from Apex’s global scale with services and products underpinned by best in class technology platforms. This transaction will enable us to better serve our new and existing clients by drawing on Apex’s global network, density of product and innovative solutions. In our new roles, working with the existing senior management team of Apex Mauritius, we are excited for the future opportunities as the leading fund administrator in the region.”
Peter Hughes, founder and CEO of Apex Group, comments: “Mauritius is a growing hub for financial services in the region, and continues to attract investors looking to access both Asian and African markets. With this acquisition, Apex is well positioned as the leading fund administrator in Mauritius to ensure that we deliver outstanding services and products which meet the requirements of each individual client.”
On 15 February, Apex Group also completed the acquisition of FundRock Management Company and FundRock Partners.
