The fund services provider Apex Group continued its drive to bulk up with the purchase of Retransform, which will push it deeper into the real estate fund space.
Retransform is a global provider of real estate services specialising in proptech--short for property technology--which refers to the application of technology and innovation in the real estate industry.
Proptech encompasses a wide range of technologies and digital solutions that enhance various aspects of real estate, such as property management, construction, leasing, sales and investment. It includes tools, platforms, and software applications that leverage data analytics, artificial intelligence and other emerging technologies to streamline processes, improve efficiency, and offer new services and experiences in the real estate sector.
Retransform offers similar technology solutions and managed services to commercial, retail, residential and corporate clients.
They have flagship partnerships with leading real estate software companies and possess expertise in Microsoft, Oracle and Salesforce.
Currently, Retransform’s solutions are utilised by over 300 clients, supporting a combined 180 million square metres of real estate worldwide, with a team of 650 experts operating from multiple offices.
The collaboration between Retransform and Apex Group, on Monday 10 July 2023, aims to provide comprehensive services covering the entire life cycle of real estate investment funds.
Additionally, Apex Group and Annet are embarking on a joint venture to develop software in the areas of data analytics, valuation and digital twins for the real estate sector, taking advantage of Retransform’s existing platforms.
Peter Hughes, founder and CEO of Apex Group said, “By bringing Retransform’s technologies and capabilities into the Group we will be able to better serve the needs of our real estate clients, by delivering a technology-enabled single-source solution, in a way which no one else can.”
Apex Group has more than 12,000 employees globally, including more than 1,300 in Luxembourg.
Over the past two years, Apex has snapped up a number of specialised providers, including , Maitland, , and .
Rohan Bulchandani, founder of Retransform and the Annet Group, added, “Retransform has been fortunate to serve the real estate industry for almost 25 years”.
“We’re excited to bring our platforms and services to Apex Group’s clients, while our pre-existing, multinational clients will soon have the added benefit of receiving local support across 38 countries where Apex has offices.”
The value of the transaction was not disclosed.