Apex Group Ltd., a global financial services provider, has acquired Greenough Consulting Group, a provider of finance, accounting, and human resources services to technology companies, venture capital and private equity funds.
This acquisition is the eighth deal announced by the Group this year. Earlier in 2021, the Group announced the close of the acquisitions of FundRock and GFin Corporate Services, the acquisition of digital marketing platform Senasen and geographic expansion via the acquisitions of fund administrators Tzur in Israel and Mola-administration in Germany.
Peter Hughes, founder and CEO of Apex Group commented, “Growth across the Americas is a strategic priority for us and GCG is a natural fit for our business having demonstrated a commitment to innovation, and a strong track-record in client satisfaction which has parity with our own priorities. Over the last two decades, the team at GCG have built a robust business delivering exceptional service levels to high growth corporate and funds clients. As part of the Apex Group, we can further support these clients as they evolve and grow, through access to our unrivalled density of products and cross-jurisdictional access. We look forward to welcoming the GCG team to the Apex family.”
Mark Greenough, Chairman and Founder, Greenough Consulting Group adds: “We are proud to announce that GCG will be joining the Apex Group. 15% of our clients are located outside the US or have an international presence, and the wider Apex Group will deliver the geographic reach and breadth of services they require to help them more easily achieve their full growth potential. As part of the Apex Group, our clients will continue to benefit from proximity to the funding community and the opportunities which come from GCG becoming part of a respected financial services provider with a global presence and focus on driving change and innovation to better support their clients.”
A&M acted as financial and tax advisor, and Kirkland & Ellis provided legal counsel to Apex Group. Coblentz, Patch, Duffy, and Bass provided legal counsel to GCG.