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Stage

IPO | IPO

Date of IPO

12/12/2019

About MJ Hudson

MJ Hudson offers consulting services to fund managers and investors in both traditional and alternative assets. It advises on law, fund management solutions, international fiduciary, investment advisory, investor relations, and marketing.

Headquarters Location

8 Old Jewry

London, England, EC2R 8DN,

United Kingdom

+44 20 3463 3200

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MJ Hudson Patents

MJ Hudson has filed 1 patent.

patents chart

Application Date

Grant Date

Title

Related Topics

Status

4/4/2016

Brassieres, Dresses, Military uniforms, Undergarments, Dichomeris

Application

Application Date

4/4/2016

Grant Date

Title

Related Topics

Brassieres, Dresses, Military uniforms, Undergarments, Dichomeris

Status

Application

Latest MJ Hudson News

Apex Group closes MJ Hudson fire-sale acquisition for £40m

Oct 11, 2023

Financial services provider aims to expand its Irish presence Stock image Today at 03:30 Apex Group, a global financial services provider, has completed the acquisition of the Irish arm of MJ Hudson, a firm which provides asset management services. The deal has come after MJ Hudson was effectively forced into a rapid sale of its assets in an effort to repay debt owed to its senior lender, Santander UK. Apex Group, which employs more than 12,000 people worldwide, has made several moves to significantly expand its Irish presence. The firm provides a range of services to asset managers, financial institutions and private clients. In January, it bought the Irish depository business of Bank of America, while in May it opened a new office in Limerick with capacity for up to 200 people. Apex Group announced in April that it would acquire Jersey-based MJ Hudson’s business outsourcing division. The unit includes management company operations in Luxembourg and Ireland. The deal was valued at £40m (€46m). According to information platform Investment Officer, this was less than half the division’s value at the time of MJ Hudson’s initial public offering on London’s AIM market in 2019. Of the £40m, £13m relates to the Irish business, which offers a variety of management company services. Apex Group said it has received regulatory approval to complete the deal to buy the business outsourcing division. It said the Irish arm will continue to operate under the “Bridge Fund Management” brand and will be regulated by the Central Bank of Ireland. Apex Group said it will offer “independent third-party management company and fund governance services”. “With an experienced management team committed to the highest levels of compliance and with assets under management of over €76bn, Bridge Fund Management is one of the largest management companies in the Irish market,” it said. Peter Hughes, the founder and chief executive of Apex Group, said: “We are excited by the opportunity we see in the Irish market to address growing demand from non-EU managers and Irish self-managed funds, to partner with an established management company.” Established in Bermuda in 2003, Apex Group has 94 offices worldwide, with its 12,000 employees spread out across 38 countries. The company has four offices in Ireland, with operations in Dublin, Cork, Sligo and Limerick. It said its expansion in Ireland was driven by demand from Irish clients for locally delivered services in areas such as fund administration, banking and management company services. MJ Hudson established a significant presence in Ireland shortly after its IPO, buying several asset management and consultancy businesses. But the firm is now selling assets in an effort to repay £33.7m to Santander UK. At the time of announcing its sale to Apex, MJ Hudson said once the deal was completed the firm would become a “cash shell” and cease trading activity. It said it expected the proceeds of the deal to be used to repay its lenders and said it was “highly unlikely” that there would be funds left over for a payout to shareholders.

MJ Hudson Frequently Asked Questions (FAQ)

  • Where is MJ Hudson's headquarters?

    MJ Hudson's headquarters is located at 8 Old Jewry, London.

  • What is MJ Hudson's latest funding round?

    MJ Hudson's latest funding round is IPO.

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