Apex Group has acquired BEST Alternative Advisory Services (BEST), an India-based, specialised financial services provider.
The acquisition of BEST will add assets under administration (AuA) of USD30 billionn to the Apex Group, and an additional 35 employees based in Mumbai. BEST delivers fund services tailored to both open and closed-ended fund client profiles including Private Equity, Fund of Funds, Mutual Funds, Managed Accounts and Hedge Funds.
The addition of BEST will support current and future Apex clients looking to enter the Indian market, and for Indian domiciled funds to operate and invest internationally.
Terms of the transaction are undisclosed.