Apex Group has acquired Mainspring, a UK-based provider of venture capital fund administration and accounting services.
The addition of Mainspring adds 70 employees in two UK offices, and assets under administration (AuA) of £9.7 billion to Apex Group. This is comprised of £3.7 billion on Mainspring’s Investment Platform which provides private markets funds and deal custody, and £6.0 billion of venture capital fund administration.
Through this acquisition, Mainspring’s clients will benefit from Apex Group’s global perspective, access to a network of local experts and a wide range of services including Digital Banking and ESG Ratings & Advisory. Apex Group’s services are provided through a single relationship, offering efficient, scalable solutions and enabling growth and expansion into new jurisdictions.
Read more: Private Equity Wire
Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.