Apex Fund Services (Bermuda) ltd agreed to acquire Alternative Fund Administration Business In Brazil of Banco Modal S.A. on October 27, 2020. Completion of the transaction is subject to the execution by the parties of a definitive agreement containing customary terms and conditions and regulatory approvals, including approval of the Brazilian Central Bank. Philip Coletto, Jeffrey Goldfarb, Jeffrey Poss and Manuel Miranda of Willkie Farr & Gallagher LLP acted as legal advisor to Genstar Capital and its portfolio company Apex Group. Olimpia Partners acted as financial advisor to Banco Modal S.A.

Apex Fund Services (Bermuda) ltd completed the acquisiton of Alternative Fund Administration Business In Brazil of Banco Modal S.A. on September 1, 2022. Received full regulatory authorization from the Brazilian Central Bank.