Walkers Advises On Apex Group's Acquisition of FundRock

Walkers (Bermuda) Limited ("Walkers") is pleased to have acted as Bermuda counsel to Apex Group Ltd ("Apex") with respect to the financing elements for its acquisition of FundRock Management Company SA and FundRock Partners Ltd (together "FundRock"). The FundRock brand will be retained and will be operated as a subsidiary of Apex.

 

Bermuda-founded Apex, following the conclusion of this strategic acquisition, has US$1 trillion in combined assets under management across administration, custody and depositary services. This transaction further solidifies Apex's global position as one of the world’s leading financial services providers.

 

FundRock is a leading independent UCITS Management Company and Alternative Investment Fund Manager, offering solutions for European funds. Clients are established blue-chip companies and leaders in their domestic market.

 

Walkers was instructed by onshore counsel Willkie Farr & Gallagher LLP and was led by Bermuda partner Jonathan Betts, with senior associates Rachel Nightingale and Nathalie West and associate Korin Knights completing the transaction team.