Asset Servicing

Apex snaps up troubled MJ Hudson in £40 mln firesale

MJ Hudson listed on London's AIM market in December 2019. At that time it was valued at about 100 million pounds. Photo: LSE.

Bermuda-headquartered financial services firm Apex Group, one of the largest management companies in Luxembourg, has agreed to acquire MJ Hudson PLC, a troubled London-listed provider of management company services in Ireland and Luxembourg, for about 40 million pounds (45.2 million euro), less than half its value at the time of its 2019 IPO.

Register or log in to continue reading. Investment Officer is an independent journalism platform for professionals working in the Luxembourg investment industry.

A subscription is free for professionals working at banks and independent asset managers.