Genstar Capital-backed Apex Group completed its £240m ($314m) acquisition of the Corporate and Private Client Services and Throgmorton businesses of Link Group’s Asset Services division. The acquisition increases Apex’s global assets under administration to nearly $600bn. The businesses have an established and robust service infrastructure, administering and safeguarding assets across seven highly-regulated European jurisdictions. Combined, the Apex Group’s service offering now spans fund administration, banking and depositary solutions, a comprehensive middle office offering and a leading corporate services solution. “The acquisition of the CPCS business and Throgmorton is an exciting milestone for the Apex Group. The addition of these entities signifies an inflection point for the business, moving us from one of the world’s largest fund administrators to the wider financial services market as a global provider delivering end-to-end solutions to funds, corporations and private clients,” Peter Hughes, Apex Group Founder & Chief Executive Officer.