Apex Group Ltd has closed its acquisition of Sanne Group (Sanne), a global provider of alternative asset and corporate services for £1.5 billion.

The close of the Sanne acquisition now positions Apex Group as a global, top-tier independent service provider, servicing nearly $3 trillion in assets across administration, depositary, custody and under management. The addition of Sanne brings another 2,500 people into the Group and adds six new locations in Denmark, Japan, Serbia, South Africa, Spain and Sweden. Apex Group now operates from over 80 offices in more than 40 markets worldwide, with over 10,000 employees.

Sanne’s clients will now benefit from access to the Group’s single-source solution, including services such as ESG Rating, Reporting & Advisory and Digital Banking, offered globally and delivered locally by experienced teams.

Read more: Private Equity Wire