M&A Deal Summary

Apex Group Acquires Efficient Group

On March 15, 2023, Apex Group acquired financial services company Efficient Group from Apis Partners

Acquisition Highlights
  • This is Apex Group’s 8th transaction in the Financial Services sector.
  • This is Apex Group’s 1st transaction in South Africa.

M&A Deal Summary

Date 2023-03-15
Target Efficient Group
Sector Financial Services
Buyer(s) Apex Group
Sellers(s) Apis Partners
Deal Type Add-on Acquisition

Target

Efficient Group

Pretoria, South Africa
Efficient Group is a diversified financial services group focused on providing professional advice, quality solutions and tailor-made investment products across the full financial services value chain, including asset administration services, asset management services, financial products distribution and professional financial advice to both retail and institutional investors in South Africa. Efficient Group is based in Pretoria, South Africa.

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Buyer(S) 1

Buyer

Apex Group

Hamilton, Bermuda

Category Company
Founded 2003
Sector Financial Services
DESCRIPTION

Apex Group is a global financial services provider offering fund administration, corporate solutions, and capital market services across 50+ countries. Apex Group was founded in 2003 and is based in Hamilton, Bermuda.


DEAL STATS #
Overall 13 of 14
Sector: Financial Services M&A 8 of 9
Type: Add-on Acquisition M&A Deals 12 of 13
Country: South Africa M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-11 Pacific Fund Systems

Isle of Man, United Kingdom

Pacific Fund Systems is a provider of fund administration software systems for third-party fund administrators. PFS’s flagship system, PFS-PAXUS, holds a unique position in the marketplace, offering a single, end-to-end system across the full spectrum of fund administration disciplines, providing a NAV accounting, investor registration and reporting solution for all fund types from retail funds to complex alternative funds including hedge strategies and Private Equity structures. Pacific Fund Systems was founded in 1999 and is based in Isle of Man.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-10-17 Finix Group

Santiago, Chile

Finix Group offers an external and independent accounting and operations service to investment managers and investment funds. Finix Group was founded in 2012 and is based in Santiago, Chile.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

Apis Partners is an investment group focused on investing in financial services companies operating in emerging markets. Specific areas of interest include payments, insurance, credit/savings, capital markets, and tech-enabled service providers. Apis looks to back companies benefiting from increased mobile adoption and access to financial products and services. Apis Partners was established in 2014 and is headquartered in London.


DEAL STATS #
Overall 7 of 10
Sector: Financial Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 3 of 5
Country: South Africa M&A 3 of 4
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-01-25 EZRA

Singapore, Singapore

EZRA is a micro-lending fintech that partners with banks, mobile network operators, utility companies, and e-commerce platforms to deliver “easy and rapid” credit solutions in financially underserved markets. Its integration provides partners with credit solutions that can be adapted to each business’s individual needs. Moreover, its robust and proprietary credit scoring system allows the company to ensure that at least 60% of its partners’ end consumers are eligible for a loan. EZRA is based in Singapore.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-07 Adumo

Johannesburg, South Africa

Adumo is an independent card-acquiring company delivering a comprehensive suite of payments and value-added solutions to a broad spectrum of merchants across South Africa. Adumo is based in Johannesburg, South Africa.

Sell $86M