In brief: Apex to acquire MJ Hudson’s ESG business

Apex group will add MJ Hudson's ESG services to its own offering, which is used by over 400 GPs and LPs

Apex Group is set to acquire MJ Hudson’s fund services business, according to a press release from Apex. As part of the takeover, Apex will acquire MJ Hudson’s data and analytics business, including its ESG solutions products.

MJ Hudson entered the ESG data space when it launched its assessment tool in 2021. It involves sending fund managers firm- and fund-level questionnaires so that investors receive ESG scores and analysis for their portfolio and can compare investments.

For Apex, the acquisition will double the size of its ESG team. Earlier this year, the firm launched a benchmarking database designed specifically for private markets.

Apex CEO Peter Hughes said: “We are pleased to announce the acquisition of these businesses, which will deepen our footprint in Europe… and will add complementary advisory services, including in the fast-growing ESG space.”

The takeover does not include the legal side of MJ Hudson’s business. NPM understands that the lawyers are leaving to join to other law firms and MJ Hudson’s law firm is being wound down. MJ Hudson declined to comment.