(FINalternatives) Fund administrator Apex Group has announced the acquisition of Deutsche Bank’s Alternative Fund Services (AFS) business. The deal illustrates the rapid expansion of Apex since middle-market private equity company Genstar Capital recapitalized the company in May, Apex said in a statement. In tandem with Apex’s acquisition of Equinoxe Alternative Investment Services earlier this year, the AFS purchase moves the company towards its stated goal of becoming a top five global fund services business.
Apex Group Acquires Deutsche Bank’s Alternative Fund Services Unit
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