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Apex Buys IPES, Moves To 5th Largest Administrator

Apex Group Ltd., one of the world's largest fund administrators, and Genstar Capital jointly announced today the acquisition of Ipes, a leading provider of fund administration and other services to the private equity sector. Adding $165 billion in assets under administration to the Group's portfolio, this acquisition will bolster Apex's private equity capabilities and depositary services across Europe and position the Group as the fifth largest fund administrator globally. The acquisition of Ipes from pan-European private equity firm Silverfleet Capital will further strengthen the Group's breadth of service and expertise in the European market. Headquartered in Guernsey, Ipes currently has 265 staff across five European...