Apex Group Ltd., a global financial services provider, has acquired a majority stake in FTS, a tax services firm serving alternative investment and family office clients.
FTS delivers comprehensive tax planning, compliance, and structuring for private equity funds and real estate funds. The firm makes the most of technology to provide a seamless integration of fund partnership accounting into the partnership tax platforms. The deal is intended to enhance Apex’s offerings to its U.S.-based clients while expanding its offering of high-quality tax services.
“The US remains a key strategic market for Apex and FTS represents a complementary addition to our single source client offering,” stated Peter Hughes, founder and CEO of Apex Group. “William (McEnroe) and his team bring unrivalled knowledge of the tax requirements of structures in the alternative funds space, working effectively and efficiently to deliver results. Our clients will benefit from FTS’ integrated and inclusive approach to addressing client needs, as well as additional tax planning support.”