Kirkland & Ellis is advising the Apex Group on its acquisition of Edmond de Rothschild’s third-party asset servicing activities based in Luxembourg. As part of this agreement, Apex Group will also acquire Edmond de Rothschild’s fund administration, transfer agent and custody activities for its private equity and infrastructure funds. Apex Group will then become a strategic provider for Edmond de Rothschild on these activities. Transaction closing is subject to customary conditions, including regulatory approvals that are expected to be granted by mid-2024.

The Kirkland team is led by corporate partners Chris Connolly and David Higgins and associates Dan Sarkin, Andrea Jekkels and Oliver Small; technology & IP transactions partner Joanna Thomson and associate Samantha Bradley; and tax partner Sam Trowbridge and associate Rikesh Gandhi.