Prometa Fund Support Services Inc.

This transaction allowed the shareholders of Prometa Fund Support Services Inc. (Prometa) to implement their succession strategy while ensuring the continued growth and success of their business. Through this acquisition, Prometa’s clients will benefit from Apex Group Ltd.’s (Apex Group or the Group) global reach, access to a network of local experts, and a wide range of services.

Prometa delivers fund services to clients in Canada, the U.S., and Bermuda, including hedge funds, LSVCCs and mortgage investment corporations. Prometa administers over $28 billion in assets for approximately 50 fund companies representing more than 180 funds and approximately 225,000 individual investors. With significant industry experience, Prometa’s staff is well positioned to provide clients with the quality, accuracy and commitment demanded. They are knowledgeable about all aspects of the investment fund industry. Prometa is a full service fund support provider and 100-percent Fundserv compliant. With their unique online sales reports, they provide tools for their clients that assist them in making their fund a success. Whether the fund is a start-up or is looking to switch providers, Prometa’s flexibility allows them to administer back office services to funds of all sizes.

Apex Group, established in Bermuda in 2003, is a global financial services provider. With over 80 offices in 40 countries worldwide and more than 10,000 employees upon the close of announced acquisitions, Apex Group delivers an expansive range of services to asset managers, financial institutions, private clients and family offices. The Group has continually improved and evolved its capabilities to offer a single-source solution through establishing the broadest range of services in the industry; including fund services, digital onboarding and bank accounts, depositary, custody, super ManCo services, corporate services including human resources and payroll, and a pioneering ESG Ratings and advisory solution. Apex Group’s purpose is to be more than just a financial services provider and is committed to driving positive change to address three core areas; the environment and climate change, women’s empowerment and economic independence, and education and social mobility.

The acquisition of Prometa will strengthen Apex Group’s presence in Canada, adding 16 employees based in Winnipeg, Manitoba, supplementing the Group’s existing offices in Toronto, Ontario, and increasing its overall Americas headcount to more than 1,000 people.