Global investment firm Carlyle and sovereign investor Mubadala Investment Company (Mubadala) have taken minority stakes in Apex Group (Apex), a global financial services provider backed by Genstar Capital (Genstar).

The investment is further endorsement of Apex’s sustainable growth strategy, which will be delivered through continued organic growth and the successful integration of recent acquisitions.

Carlyle and Mubadala have invested in the ordinary share capital alongside Founder and CEO Peter Hughes, majority investor Genstar and leading growth investor TA Associates, previously announced as taking a significant minority strategic investment in The Group. This investment builds on Carlyle’s relationship with The Group following a preferred equity investment in November 2020, both of which were provided by Carlyle’s Global Credit platform.

Peter Hughes, Founder and Chief Executive Officer at Apex Group comments: “We are extremely pleased to be expanding our relationship with Carlyle and to welcome Mubadala to our investor base. We are proud to now have the equity backing of three highly reputable institutions, including our majority owner Genstar, and now joined by Mubadala. These investments further strengthen our position in the market and signal our intent to continue expanding and evolving our business over the coming months and years.”

Read more/Source: Private Equity Wire