Apex Group acquires Efficient Group companies in South Africa

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Apex Group Ltd., a global financial services provider, today announced its proposal to acquire Efficient Group (Pty) Ltd.

Efficient is the parent company of Boutique Collective Investments (RF) (Pty) Ltd (“BCI”) and Boutique Investment Partners (Pty) Ltd (“BIP”) and upon completion of the acquisition, Efficient Group (Pty) Ltd will rename the Apex Corporation banner. The acquisition will not affect Efficient Wealth, Risk and Investment clients.

Founded in 2013, BCI offers a wide range of management company services with its core business focusing on third-party branded portfolios (“ManCo services”).

BIP is an independent investment management and consulting firm dedicated to providing versatile management and advisory services to a large number of South Africa’s leading independent financial advisors, as well as clients. organization and their retail. This strategic acquisition adds an additional $19 billion AuA to the Apex Group platform.

Apex Group is one of the largest asset management service providers in the world, providing a one-stop, single-source solution of the complete value chain to its customers, including bank accounts. and digital accounts, custody services, custody, super ManCo, service businesses (including HR and payroll services), and pioneering environmental and social assessment and consulting solutions and governance (“ESG”). Effective clients will now benefit from access to the Group’s local hedge fund solutions, offshore fund solutions, Fintech, data solutions and technology services, in addition to an open team covering more than 12,000 people worldwide.

44 productive employees will join the Group’s growing African footprint following the recent Sanne and Maitland acquisitions, further reinforcing the Group’s commitment to the region and its intention to open up. expanding its local operations to about 1,000 people this year.

“The strategic addition of the unit trust management company adds greater product depth and expanded reach, particularly for our ManCo services offering, and further reinforces our commitment to South Africa, a key hub for our global business. We look forward to welcoming our new colleagues from Efficient who are aligned with our commitment to delivering an exceptional client experience with local service delivery.”
Peter Hughes, Founder and Chief Executive Officer of the Apex Group.
“Efficient has always followed a very successful growth strategy in the Wealth, Risk, and Investments segment of the financial services market, ensuring that the company has expanded into a leader in the financial services industry. This transaction allows the company to continue expanding the business by focusing on partners that align with the overall expansion of the retail client base strategy and value proposition.”
Heiko Weidhase, Chief Executive Officer of the Efficient Group.

The acquisition is still subject to the approval of the Competition Commission.

Macquarie Capital acted as financial advisor to Apex and Efficient’s management team, advised by Cliffe Dekker Hofmeyr Inc and facilitated the acquisition on behalf of Efficient’s shareholders.

Efficient’s Wealth, Risk and Investment cluster will retain the Efficient brand and maintain the status quo under the control of existing shareholders throughout the transaction. This cluster includes the following business segments; Effective enrichment, effective insurance consulting services; Effective individual clients; Effective benefit consulting; Effective management board; Efficient selection; Naviga Solutions; Select Manager and Dinamika Fund Manager.

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