Apex Group snaps up ESG business of MJ Hudson
Global financials services player Apex Group has confirmed to Net Zero Investor it has agreed to buy the ESG businesses of MJ Hudson, a provider of asset management services, mostly specialising in private markets and alternative investments.
Apex Group explained it takes over MJ Hudson’s unit that provides ESG solutions, management company services, quantitative solutions, investment advisory, custodian bank benchmarking, Channel Islands fiduciary and fund administration, as well as investor relations and marketing solutions.
As a result, MJ Hudson’s services in Ireland and Luxembourg will add approximately €80bn of assets under management to Apex Group’s existing European offering, via subsidiary brand FundRock in Luxembourg, the UK and Guernsey.
MJ Hudson’s Irish team will join Apex Group in Dublin, the company said.
Following the takeover, Apex Group will have roughly 12,000 employees in 38 countries.
The deal is the latest in a series of acquisitions by Apex Group in recent months, including the acquisitions of Sanne Group and Maitland most recently.
Peter Hughes, founder and chief executive officer of the Apex Group (above), said he the deal "will deepen our footprint in Europe, particularly with regard to ManCo and Fund Administration solutions, and will add complementary advisory services, including in the fast-growing ESG space."