Apex to Acquire Warburg Businesses in Luxembourg

INVESTMENT MANAGEMENT DEALS BLOG

March 1, 2018

On January 8, 2018, Apex announced its acquisition of M.M. Warburg’s asset management and servicing business in Luxembourg.

Under the terms of the agreement, M.M.Warburg & CO KgaA’s (“Warburg”) asset management and servicing businesses in Luxembourg, Warburg Invest Luxembourg S.A. (“Warburg Invest”) and M.M.Warburg & CO Luxembourg S.A.(“Warburg Luxembourg”) will become a part of Apex Group Ltd. (“Apex”) and Warburg and Apex will form a strategic partnership for asset management services based in Luxembourg. Further terms of the agreement were not disclosed. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2018.

Warburg, founded in 1798, is an independent German private bank, specializing in corporate finance advising, financing solutions, bank services, equity research, among other financial services. Warburg has EUR 423.7 million in assets under management as of December 31, 2016.

Apex, founded in 2003 in Bermuda, is a portfolio company of Genstar Capital, specializing in independent fund administration and middle office solutions. Apex has approximately $350 billion in assets under administration.

To read the press release: please click here.