Sadis & Goldberg LLP is Pleased to Announce Its Representation of Apex Fund Services in the Purchase of Broadscope Fund Administrators
A team of Sadis attorneys led by Partner Paul J. Marino represented Apex Group Ltd. ("Apex") in the acquisition of Broadscope Fund Administrators LLC ("Broadscope"), a U.S.-based private equity fund administrator.
The deal adds $40 billion in assets under administration ("AuA") to Apex's portfolio, taking it to a total of $650 billion in AuA globally, in addition to further strengthening its capabilities and presence in the U.S. following the recent acquisition of Atlantic Fund Services, with which Sadis also provided legal counsel.
The acquisition adds 74 employees from Broadscope's Boston and New Jersey offices. Apex now has 260 employees across the Americas region and over 3000 worldwide.
"We provided Apex Fund Services with our expertise in managing transactions, due diligence, and our knowledge of fund administration," said Mr. Marino, co-chair of the firm's Financial Services Group. For more about the deal, please click on the link below.