TA Associates to acquire a minority stake in Apex Group from Genstar Capital.

TA Associates, a global growth private equity firm, agreed to acquire a minority stake in Apex Group, a global financial services provide, from Genstar Capital, a private equity firm focused on investments in targeted segments of the financial services, healthcare, industrials, and software industries. Financial terms were not disclosed. "Apex was founded with clients at the heart of its strategy. Since 2003 we have been focused on evolving our business to deliver more and better services to clients, no matter where they are in the world. We are very proud of the progress we have achieved together with Genstar's support, building an unparalleled breadth of product and scaling our geographic footprint while maintaining exceptional levels of client service and retention. With TA Associates as a new partner, we look forward to continuing on our growth trajectory and further enhancing our capabilities, while driving innovation and progress in the industry," Peter Hughes, Apex Group Founder and CEO.