Appleby advises Genstar as it establishes fund administration platform
Deal highlights Appleby's multi-jurisdictional strength
Appleby acted as local counsel to Genstar Capital (Genstar) in its entry into definitive agreements to recapitalize independent fund administrator Apex Fund Services (Apex) and simultaneously acquire Equinoxe Alternative Investment Services (Equinoxe). With the addition of Equinoxe, Apex will increase its suite of middle office solutions and will administer close to $80 billion in assets.
Appleby advised on Bermuda, Cayman, Guernsey, Jersey and Mauritius law, working closely with US counsel, Willkie Farr & Gallagher LLP, to provide advice on all aspects of the transactions. This matter showcased Appleby’s ability to utilise its extensive network of offices to provide a consistent and cohesive service to address our clients’ needs for high-quality legal advice across multiple offshore jurisdictions.
Appleby will continue to advise Genstar as matters progress to closing which, subject to regulatory approvals and other customary closing conditions, is scheduled to take place in the third quarter of 2017.