Bakkt Holdings Acquires Apex Crypto LLC

United Capital Financial Advisors Acquires Apexium Financial

November 11, 2025

Financial Services

United Capital Financial Advisors has acquired Apexium Financial LP, adding more than $4 billion in assets under management and expanding United Capital's national presence. The deal strengthens United Capital's advisor base and expands its financial planning-led service model, with legal counsel to Apexium provided by Sidley Austin and Decerno Advisors acting as M&A advisor.

KKR Acquires Majority Stake in apexanalytix from Carousel Capital

June 6, 2022

Data & Analytics

KKR has signed a definitive agreement to acquire a majority interest in apexanalytix, a supply-chain software, data and analytics provider. Carousel Capital will remain a significant minority owner; KKR’s investment is intended to accelerate apexanalytix’s global expansion, product development and talent recruitment.

TA Associates Makes Strategic Growth Investment in Apex Group

June 17, 2021

Financial Services

TA Associates announced a significant minority growth investment in global financial services provider Apex Group Ltd., alongside existing majority owner Genstar Capital and founder Peter Hughes. The capital will support Apex's continued global expansion and capability-building across fund services, digital banking, custody/depositary and tech-enabled offerings; Apex operates ~47 offices with ~4,500 employees.

Carousel Capital Recapitalizes Apex Analytix

August 18, 2020

Cloud & SaaS

Carousel Capital closed a new investment in Apex Analytix, a provider of supplier management, recovery audit and compliance software and services, with the transaction funded by Carousel's Fund V and co-investors. The deal represents a full exit for Carousel's Fund IV while supporting Apex's continued growth under a new capital base alongside management and other investors.

Coincheck Group N.V. Acquires Aplo SAS

October 14, 2025

Payments & Fintech

Coincheck Group N.V. has completed the acquisition of Aplo SAS, a Paris-based institutional crypto prime brokerage, in an all-stock transaction. Aplo — which serves more than 60 institutional clients — will continue to be led by its four founders and will be integrated to accelerate product development, expand liquidity and financing solutions, and broaden Coincheck's institutional offerings across jurisdictions.

Kraken Acquires Breakout

September 2, 2025

Financial Services

Kraken has acquired Breakout, an evaluation-based crypto proprietary trading platform, to integrate prop trading into Kraken's product suite and give qualified traders access to institutional capital. The acquisition (effective September 1, 2025) will combine Breakout's funded-trader program—where traders can access up to $100,000 per account (up to $200,000 aggregate) and keep up to 90% of profits—with Kraken's global infrastructure and market access.