Apex Group Ltd. agreed to acquire Efficient Group Limited on march 15, 2023. The Acquisition remains subject to the approval of the Competition Commission. Macquarie Capital acted as financial advisors to Apex and Efficient?s management team, advised by Cliffe Dekker Hofmeyr Inc, facilitated the Acquisition on behalf of Efficient?s shareholders. David Higgins, Chris Connolly, Irfan Ahmed, Moose Sarfraz, Oliver Weighill of Kirkland & Ellis International LLP acted as legal advisors to Apex Group Ltd.

Apex Group Ltd. completed the acquisition of Efficient Group Limited on October 19, 2023. This strategic acquisition adds $19 billion of AuA and add around 50 new employees to the existing Apex Group platform in South Africa which currently employs over 1,200 people across offices in Cape Town and Johannesburg, servicing 140 clients with assets of $130 billion (ZAR 2.5 trillion).