Apex Group Ltd., a global financial services provider, has closed its acquisition of BRL Trust Investimentos, Brazil’s independent fund administrator. This acquisition expands the Group’s presence in the Latin American market.
Peter Hughes, founder and CEO of Apex Group, commented, “The Latin American market is a strategic priority and opportunity for us and our international client base, as we continue our global growth. With the acquisition of BRL, Apex now becomes the largest independent services provider in the Brazilian market. The close of this acquisition means we can now support our clients, whether they are looking to raise, operate and invest funds in, and between, Brazil and the international markets. We are delighted to expand our footprint to Brazil so that Apex continues to be the global provider of choice for managers on every continent.”
Georges Archibald, managing director, Americas at Apex Group, said, “We are pleased to welcome BRL’s employees and clients, and are excited for the opportunities this will provide to bring our single-source offering to new markets. Our new colleagues and offices in Brazil will enable us to help our clients to scale more quickly and efficiently by delivering local market advice partnered with the global infrastructure to fuel their continued growth and success.”
Danilo Barbieri, co-chief executive officer, BRL Trust Investimentos, added, “We see significant opportunity for further growth both domestically as one of the leading fiduciary service providers in Brazil, and internationally. As part of the Apex Group we can now offer our clients the broadest depth and range of services in the industry as we benefit from being part of an established, global financial services group, with over 50 offices worldwide.”
A&M acted as financial and tax advisor and Lefosse Advogados and Willkie Farr & Gallagher provided legal counsel to Apex Group. Vinci Partners and Souza, Mello e Torres provided counsel to BRL Trust Investimentos.