Buyout (LBO, MBO, MBI) • Financial Services

FTV Capital Acquires Apex Group

On June 7, 2011, growth capital firm FTV Capital acquired financial services company Apex Group

Acquisition Context
  • This is FTV Capital’s 12th transaction in the Financial Services sector.
  • This is FTV Capital’s 1st transaction in Bermuda.
Investment Fate
  • Apex Group was recapitalized in 2017.

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M&A Deal Summary

Date June 7, 2011
Target Apex Group
Sector Financial Services
Buyer(s) FTV Capital
Deal Type Buyout (LBO, MBO, MBI)

Target Company

Apex Group

Hamilton, Bermuda
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.
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Buyer Overview 1

Buyer

FTV Capital

San Francisco, California, United States

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1998
PE ASSETS 6.2B USD
Size Large
Type Sector Agnostic
DESCRIPTION

FTV Capital is a multi-stage private equity firm focused on providing capital to high-growth companies. FTV generally seeks to invest in software, business services, and financial services companies which enable financial institutions to expand and to operate more efficiently. Investment proceeds are typically used to fund rapid organic growth, provide shareholder liquidity, pursue add-on acquisitions, or acquire divestitures. FTV prefers to act as the lead or control investor and targets equity commitments of $10 to $85 million per transaction. FTV Capital was established in 1998 and was formerly known as FTVentures. FTV Capital is based in San Francisco with an additional office in New York City.


Deal Context for Buyer #
Overall 56 of 133
Sector: Financial Services 12 of 23
Type: Buyout (LBO, MBO, MBI) 30 of 35
Country: Bermuda 1 of 1
Year: 2011 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-05-25 Castle Pines Capital

Englewood, Colorado, United States

Castle Pines Capital LLC, provides channel financing solutions to resellers in the technology industry.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-09-01 CashStar

Portland, Maine, United States

CashStar, Inc. is a provider of gift card commerce solutions at the forefront of mobile payments and digital gifting innovation. CashStar, Inc. was established in 2002 and is based in Portland, Maine.

Buy -