Apex Group Acquires Retransform From Annet
Apex Group announced an “exciting” start to 2024, having completed the acquisition of Retransform from The Annet Group.
A spokesperson said, “Leading international financial services business Apex Group today announces an exciting start to 2024 after closing its acquisition of Retransform from The Annet Group.
“Retransform is a global real estate provider offering Proptech, Technology Solutions and Business Managed Services to commercial, retail, and corporate real estate customers. The business serves more than 300 customers ranging from individual owner operators to some of the world’s biggest real estate asset, fund and property managers.
“By driving operational efficiencies in real estate funds, Retransform is helping make the real estate sector greener and cleaner, to the benefit of people and planet and cities across the world. And, with Retransform supporting more than 2 billion square feet of real estate globally, reinforced by a team of more than 700, the business is making a real impact when it comes to delivering a more sustainable real estate sector.
“The acquisition of Retransform further enhances Apex Group’s ability to partner with funds throughout a fund lifecycle, and to become a single-source provider of fund services. By leveraging Retransform’s analytics, Apex Group will give real-estate investors actionable, data-led insights which will allow for better investment decisions to be made.
“Buildings are getting smarter and generating ever more environmental data, and this acquisition will enable Apex clients to better align with ESG regulation globally, as well as the sustainability goals of investors. It will also help support the real estate sector in reducing energy usage and achieving a sustainable transition to Net Zero.”
Commenting on the acquisition, Peter Hughes, Founder and CEO of Apex Group said, “Retransform is delivering an intelligent solution which is a key step toward delivering an innovative and sustainable real-estate sector, in line with the expectations of a growing number of funds and a growing body of regulation. As greater numbers of individual and institutional investors choose to invest in a way which doesn’t impact the earth, and a growing body of ESG regulation makes sustainable investment easier, Retransform has an important role to play in helping the real-estate sector adapt.
“Bringing this business onboard supports Apex’s mission to deliver a smart, tech-enabled, one source solution to fund managers globally. Every industry is being reshaped by data and technology, and real estate is no exception. Retransform’s industry leading solutions, plus Apex’s expertise, will be a compelling, and unique, offer for real estate funds as we go into 2024.”
Rohan Bulchandani, Founder of Retransform and The Annet Group, said, “After twenty-five years serving the real estate industry, we are excited to begin our next chapter at Retransform as part of Apex Group. We are joining an ambitious team who share our passion for innovation and continuous improvement.
“This will be an advantage not just for Apex’s global client list who will now benefit from Retransform, but also for our existing clients, who’ll now be plugged into the expertise and service that Apex Group offers, from offices globally.”
The spokesperson said, “Apex Group and Annet are also establishing a Joint Venture to develop software in the areas of Data Analytics, Valuation, and Digital Twins for real estate, leveraging Retransform’s existing 4See Analytics, Valere and Secure software platforms.”
