Jump to content

Apax Partners

From Wikipedia, the free encyclopedia
Apax Partners LLP
Company typePrivate
IndustryPrivate equity
Venture capital
Founded1972;52 years ago(1972)
HeadquartersLondon,England
Key people
Andrew Sillitoe (co-CEO)
Mitch Truwit (co-CEO)[1]
ProductsInvestments
Private equity funds
Leveraged buyouts
Growth capital
AUMUS$77 billion[2]
Number of employees
100+
Websiteapax

Apax Partners LLPis a Britishprivate equityfirm, headquartered inLondon,England.[3]The company also operates out of six other offices inNew York,Hong Kong,Mumbai,Tel Aviv,MunichandShanghai.[4]As of March 2024, the firm had raised and advised funds of approximately $77billion(USD).[5]Apax Partners is one of the oldest and largest private equity firms operating on an international basis.[6]

Apax invests across four sectors:technology,internet/consumer,healthcareand services.[7]It looks for investments in a target Enterprise Value of $100mm – $5,000mm.

Apax raises capital for its investment funds throughinstitutional investorsincluding corporate and publicpension funds,university and collegeendowments,foundationsandfund of funds.

History[edit]

History of private equity
and venture capital
Early history
(origins of modernprivate equity)
The 1980s
(leveraged buyoutboom)
The 1990s
(leveraged buyoutand the venture capital bubble)
The 2000s
(dot-com bubbleto thecredit crunch)
The 2010s
(expansion)
The 2020s
(COVID-19 recession)

In 1972,[8][9]Ronald Mourad Cohenand Maurice Tchénio founded the advisory firm Multinational Management Group (MMG) in London, Paris, and Chicago, marking the beginning of Apax Partners.[10][11]In 1977, they formed a partnership with early venture capitalistAlan Patricof,who founded Patricof & Co in New York in 1969.[12][13]The new firm would be known as Alan Patricof Associates (APA) and ultimately come to be known as Apax Partners (apaxmeans "unique" in classical Greek).[14]

Throughout the 1980s, the firm grew steadily raising capital under a series of separate funds.[15][16]

In 1991, Apax Partners became the official name for all of its European operations[17]however the U.S. business still operated under the Patricof & Co. name. By the mid-1990s Apax had become one of the larger private equity firms globally.[12]

In 2001, Patricof & Co. adopted the Apax Partners branding and formalized its affiliation with its European business.[18][19]In 2002, Apax Partners LLP was established.[20]

In 2005, Apax announced it would acquire middle marketleveraged buyoutfirmSaunders Karp & Megrueto augment its buyout business in the United States.[21][22]In March 2006, Alan Patricof left Apax.[23]

In 2006, Apax Partners in London and Apax Partners France in Paris became independent.[24]Apax Partners France rebranded to Seven2 in 2023.[25]

Investments[edit]

Pre-2010[edit]

  • British Telecomrestructured, and agreed to sell theYell GroupYellow pagesdirectory business to Apax andLion Capital LLPfor £2.14 billion/$3.5 billion,[26]making it then the largest non-corporate LBO in European history. Yell bought US directories publisher McLeodUSA for about $600 million the following year,[27]and floated on London'sFTSEin 2003.[28]
  • Apax purchased a majority stake inTravelex(the world's largest foreign exchange company) for £1.06bn. In Q3 2005 Apax also announced plans to purchaseGrupo Panrico,one ofSpain'slargest food companies and its largest bakery company.
  • A partnership consisting of Apax,Saban Capital Groupand Arkin Communications acquired the controlling interest (30%) in Israeli telecommunications companyBezeqin October 2005 for $923 million.[29]The partnership sold its stake to Internet Gold – Golden Lines Ltd. subsidiaryB Communicationsin April 2010 for $1.75 billion.[30]
  • Apax floated the satellite communications company Inmarsat on the London Stock Exchange in 2015.[31]
  • Apax purchased theTommy Hilfiger Corporationfor $1.6 billion, or $16.80 a share, all in cash. In May 2006, this deal was approved by the shareholders of Tommy Hilfiger.[32][33]
  • In June 2006, Apax acquiredHIT Entertainmentin a take-private transaction.[34]
  • On 21 August 2006 it was announced that Apax Partners andBain Capitalhad joined the enlarged private equity consortium headed byKKRthat has agreed to acquire an 80.1% stake in the Semiconductor Division ofRoyal Philips Electronics.The new company is calledNXP Semiconductors.
  • On 31 October 2006 it was announced that Apax Partners had acquired FTMSC (France TélécomMobile Satellite Communications) which would later be rebranded under theVizadaname in June 2007. This was shortly followed by an announcement on 6 September 2007 explaining that Apax Partners had acquiredTelenorSatellite Services which was to be merged into the Vizada brand.
  • On 20 November 2006 Apax Partners Worldwide LLP won a tender to buy control ofTnuva.The bid values the privately held food and dairy group at $1.025 billion.
  • In May 2007, Apax signed definitive agreements with funds advised by Apax Partners andOMERS Capital Partnersunder which such funds acquired the higher education, careers and library reference assets ofThomson Learning,and a consortium of funds advised byOMERS,and Apax acquiredNelson Canada,for a combined total value of approximately $7.75 billion[clarification needed]in cash. The higher education, careers and library reference assets include such well-known brands and businesses as: Wadsworth, South-Western, Delmar Learning, Eddie Diamond, Gale, Heinle, Brooks/Cole, Course Technology and Nelson Canada. Nelson Canada is a leading provider of books and online resources for the educational market in Canada. The group will be majority-owned by OMERS. The name was changed toCengage Learning,on 24 July 2007.
  • In August 2009, Apax Partners completed acquisition ofBankrate.[38]

2010–2014[edit]

  • On 25 March 2011 Apax Partners announced that it had reached a definitive agreement to purchaseTrader Corporation( “Trader” ) fromYellow Mediafor a purchase price consideration of $745M.[43]
  • On 23 December 2011 Apax Partners announced acquisition of the Swiss branch ofOrange.[44]
  • In February 2012, Apax soldHiT EntertainmenttoMattelfor $680 million.
  • On 11 June 2012 an Apax-led consortium announced acquisition of Paradigm Ltd.[45]
  • In September 2012, Apax Partners forms consortium with CEO Stephen Cretier for GardaWorld Security Services.[46]
  • In November 2012, Apax Partners agrees to acquireCole Haanand completes acquisition 4 February 2013.[47]
  • On 21 January 2014 Apax bought out the remaining 50.1% share of Trader Media from the Guardian Media Group.[48]
  • On 9 October 2014 Apax announced that they will acquireDutchsoftware makerExact.[49]It closed the transaction in April 2015.[50]
  • On 8 December 2014 Apax announced that it had entered into a transaction agreement to acquire 100% of the shares ofEVRY.[51]

2015–2019[edit]

  • In May 2015, Apax Partners agreed to purchaseQuality Distribution,a Tampa, Florida-based chemical transport and logistics firm, for $800 million, including assumption of debt. The deal was completed in August 2015.[52]
  • In July 2015, Apax bought 100% of Spanish real state web portal idealista.[53]
  • In December 2015, Apax Partners agreed to sell Rhiag-Inter Auto Parts Italia SpA toLKQ Corporationfor $1.14 billion.[54]
  • On 23 August 2017 funds advised by Apax Partners announced a definitive agreement to acquireThoughtWorks,a global software development and digital transformation consulting company.[56]
  • In September 2017,Tom Chapmanand Ruth Chapman sold a majority stake inMatchesfashionto private-equity funds managed by Apax Partners.[57]

2020–present[edit]

  • In April 2020, Apax Partners finalized the purchase of Coalfire, a cybersecurity firm.[62]
  • In June 2020, Apax invested $100m in Payfone, a software and data analytics firm, today known as Prove Identity[63]and based in New York.[64]
  • In September 2020, Apax sold their majority stake in idealista, the Spanish real-estate web portal, toEQT AB,for a sum of EUR1.3 billion, achieving a quintuple return on its 2015 investment of EUR235 million.[65]
  • In Dec 2020, Azentio Software Private Limited, subsidiary of Apax Partners, buys global software products business of 3i Infotech for Rs. 1000 Cr[66]
  • In January 2021, Apax acquired PIB Group, a specialist insurance company, together with PIB's management team.[67]
  • In February 2021, Apax reinvested in idealista, acquiring a 17% stake in the web portal for EUR250 million.[68]
  • In February 2021, Apax acquired a majority stake in Herjavec Group, a globalmanaged security services providerled by founder and CEORobert Herjavec,who retained a significant stake.[69][70]
  • In March 2021, Apax Partners acquiredRodenstock,a German manufacturer ofophthalmic lensesandspectacle frames,for EUR1.5 billion.[71][72]
  • In March 2021, Apax also agreed to acquire Lutech, an IT service company in Italy, fromOne Equity Partners.[73]
  • In May 2021, Apax acquired Texas based, pet food company Nulo.[74]
  • In June 2021, Apax acquired Infogain, a Silicon Valley-based company in the digital transformation and software services sector, from the private equity firm ChrysCapital.[75][76]
  • In August 2021, Apax acquiredEveryActionfromInsight PartnersandSocial SolutionsfromVista Equity Partners,combining them with CyberGrants, a company it agreed to acquire in June from Waud Capital Partners. Vista kept a minority stake in the combined company, which will have annual revenue of over $200 million.[77]
  • In September 2021, Apax joined withWarburg Pincusto acquire T-Mobile Netherlands Holding B.V., today known asOdido,in a transaction valuing the company at anenterprise valueof EUR5.1 billion.[78][79]
  • In September 2021, Apax also acquired SavATree, a horticultural service provider, based in New York.[80]
  • In October 2021, Apax agreed to acquire the homeowner services group ofAmerican Water Worksfor $1.27 billion.[81]
  • In November 2021, UK satellite firmInmarsat,partially owned by Apax, agreed to be acquired byViasatfor $7.3 billion.[82][83]
  • In December 2021, Apax sold Unilabs, a European medical diagnostics company acquired fromNordic Capitaland Apax Partners France, today known as Seven2,[25]in 2016,[84]to A.P. Moller Holding, the owner ofMaersk.[85]
  • In May 2023, Apax agreed to acquireBlackstone Inc.'sminority stake in IBS Software, a software-as-a-service provider for travel and logistics companies, investing an estimated $450m, with IBS Software founder and executive chairman,Valayil Korath Mathews,retaining the majority stake.[92]
  • In July 2023, Apax agreed with Fremman Capital and other minor stakeholders, to acquire a co-controlling stake in Spain's Palex Medical.[93]
  • In August 2023, Apax entered into an agreement withThe Tornante Company,former Disney CEOMichael Eisner'sprivate investment firm, andMadison Dearborn Partnersto acquire theBazookacandy business for a sum of $700 million.[94]
  • In October 2023, Apax agreed to invest in GAN Integrity, a provider of cloud-based compliance management software, based in Copenhagen, Denmark.[95]
  • In November 2023, Apax, together with existing investors Frontier Growth, PeakSpan Capital, and Petvisor's management team, invested more than $100m in Petvisor, aveterinaryand pet services software provider.[96]
  • In December 2023, Apax acquired the financial software companies OCS from Charme Capital Partners and Finwave from Lutech.[97][98]
  • In February 2024, Apax completed the acquisition oftrend forecastingcompanyWGSNfromAscential.[99][100]In the same month, Apax acquired a majority stake in Integrated Environmental Solutions (IES), a Glasgow-based provider of software simulation tools and consulting services for thedecarbonisationof buildings, communities and cities.[101][102]
  • In May 2024, Apax agreed to sell India based Healthium Medtech, a medical device company acquired fromTPG Growth,CX Partners, and founding shareholders in April 2018,[103]to KKR for a sum of $839 million.[104][105]

Criticism[edit]

British United Shoe Machinery (2000)[edit]

The circumstances surrounding the demerger, transfer of assets and subsequent collapse of theBritish United Shoe Machineryin 2000 led to questions about Apax's behaviour being raised in Parliament by MPs of both main parties. After calls for an enquiry into the loss of hundreds of pensions were refused,Ros Altmann,the pensions expert and, as of 2015, UK Pensions minister described it "one of the worst cases..I have seen..the actions of the former owners - Apax have been immoral." The Member of ParliamentAshok Kumarsaid, "I think these people needed flogging..these are greedy, selfish, capitalists who live on the backs of others."[106][107]

Hellas Telecommunications (2015)[edit]

Following its sale of Wind Hellas in 2007, Apax and Hellas co-owner TPG were sued by former bondholders of the telecom company, who allege that Apax and TPG unjustifiably enriched themselves from Hellas and misrepresented the true state of its accounts. Apax has countered that some of these bondholders only began their dispute after passing up on the chance of selling prior to the bankruptcy of 2009, and that Apax sold the business in 2007 (almost three years before the bankruptcy) and so was not the legal owner of Hellas during the periods cited in some of the lawsuits. (In 2005 a New York judge awarded $56m to some of these bondholders, made against Hellas Telecommunications Finance and Hellas Finance, rather than Apax or TPG). Other lawsuits related to Apax and TPG's ownership of Hellas are being heard in the USA. In December 2015 a separate legal action brought by the liquidators of Hellas Telecommunications was dismissed by a Luxembourg court.[108][109][110][111][112]In February 2018 the liquidators abandoned their UK case against Apax and TPG after four days of trial.[113]

Notable persons[edit]

See also[edit]

References[edit]

  1. ^"Apax Partners appoints co-CEOs to replace Halusa".Reuters.December 5, 2013.
  2. ^"Apax Partners raises $1B tech fund, investing in luxury e-commerce site".Mergers & Acquisitions.December 8, 2017.
  3. ^"Apax sale marks VC exit".Financial Times.November 7, 2010.
  4. ^webreality.co.uk, Webreality."Apax – Offices".apax.
  5. ^"Apax holds final close for eleventh global buyout fund".apax.Retrieved2024-05-30.
  6. ^"Bazooka Candy Brands Sold for $700 Million".ProFood World.2023-08-17.Retrieved2023-12-06.
  7. ^"Apax Partners | Institution Profile | Private Equity International".privateequityinternational.Retrieved2023-12-06.
  8. ^Sánchez, Álvaro (2023-06-28)."Sir Ronald Cohen, the founder of Apax Partners: 'Capitalism hasn't changed for more than 200 years, but now it's changing'".EL PAÍS English.Retrieved2023-11-30.
  9. ^"Q: What have Dolly the sheep, Chris Evans and Britain's first".The Independent.2000-11-15.Retrieved2023-11-30.
  10. ^"Sir Ronald M. Cohen, MBA 1969".Harvard Business School Alumni.2006-01-01.Retrieved2024-02-25.
  11. ^"Maurice Tchenio".Fondation AlphaOmega.Retrieved2024-02-25.
  12. ^ab"This old guy sure can pick 'em".Money CNN.11 September 2007.Retrieved25 February2024.
  13. ^"Legendary VC Alan Patricof says valuations still have further to fall".Fortune.Retrieved2024-02-25.
  14. ^"Globetrotter".Forbes.Retrieved2023-10-31.
  15. ^"Le Dfi Mondial".Forbes.Retrieved2024-02-25.
  16. ^"Ronald Cohen's Turn to Social Investing".HBS Working Knowledge.Retrieved2024-02-25.
  17. ^"APAX PARTNERS HOLDINGS LTD overview - Find and update company information - GOV.UK".find-and-update pany-information.service.gov.uk.Retrieved2024-02-25.
  18. ^Meikle, Brad (2001-10-01)."Patricof & Co name change".Buyouts.Retrieved2024-02-25.
  19. ^"Patricof Becomes Apax".Light Reading.10 September 2001.Retrieved25 February2024.
  20. ^"APAX PARTNERS LLP overview - Find and update company information - GOV.UK".find-and-update pany-information.service.gov.uk.Retrieved2024-02-25.
  21. ^"COMPANY NEWS; BRITISH BUYOUT FIRM BUYS OUT AMERICAN BUYOUT FIRM".The New York Times.2005-02-25.ISSN0362-4331.Retrieved2024-02-25.
  22. ^Rayner, Abigail (2024-02-25)."Apax's US arm in merger".The Sunday Times.ISSN0140-0460.Retrieved2024-02-25.
  23. ^Sorkin, Andrew Ross (2006-03-06)."New Fund for Prominent Investor".The New York Times.ISSN0362-4331.Retrieved2024-02-25.
  24. ^"DNA".Apax.Retrieved2023-10-31.
  25. ^ab"Apax Partners rebrands to Seven2".Real Deals.Retrieved2023-10-31.
  26. ^"Yell History - 2000+".Yell. Archived fromthe originalon 8 February 2008.Retrieved2008-01-11.
  27. ^Yell buys US directoriesBBC News, 21 January 2002
  28. ^Europe's IPO trickle could become a floodBusinessweek, 21 July 2003
  29. ^"Apax Saban Arkin Group completes acquisition of controlling interest in leading Israeli telecom company Bezeq".Goliath.1 October 2005.Retrieved18 March2012.
  30. ^"B Communications Closes Acquisition Of Controlling Interest In Bezeq".RTTNews.14 April 2010. Archived fromthe originalon 11 September 2012.Retrieved18 March2012.
  31. ^Harding, Latoya (19 March 2019)."Private equity firms make fresh bid for Inmarsat".Daily Telegraph.Retrieved20 March2019.
  32. ^Lockwood, Lisa (2006-05-10)."Shareholders Approve Hilfiger-Apax Merger".WWD.Retrieved2023-12-20.
  33. ^O'Connor, Clare (2014-12-10)."Turnaround Tommy: How Hilfiger's Once-Dead Brand Had Its Biggest Year Ever".Forbes.Retrieved2023-12-20.
  34. ^Sabbagh, Dan (2006-10-31)."Bob helps HIT to build its profits".The Times.ISSN0140-0460.Retrieved2018-06-29.
  35. ^"Consortium comprising funds advised by Apax Partners & Mivtach Shamir acquires Tnuva for $1.025 billion".apax. 7 January 2008.Retrieved12 March2012.
  36. ^"Fosun Capital mulls buying Meir Shamir's Tnuva stake - Globes English".Globes(in Hebrew). 7 December 2014.Retrieved2017-08-20.
  37. ^"Funds advised by Apax Partners agree to sell their majority stake in the TriZetto Corporation to Cognizant Technology Solutions".prnewswire(Press release).Retrieved2018-09-20.
  38. ^Harrington, Amanda Andrews and Ben (2010-10-31)."Apax Partners in the hunt for moneysupermarket".Daily Telegraph.ISSN0307-1235.Retrieved2018-09-20.
  39. ^"Apax buys majority of Israel investment firm Psagot".Ynetnews.Reuters.11 January 2010.Retrieved12 March2012.
  40. ^"TIVIT - Líder em serviços integrado de tecnologia e possui um portfólio único de soluções".TIVIT.
  41. ^"Terms of Service Violation".Bloomberg.10 May 2010.Retrieved2018-09-20.
  42. ^Worthen, Ben (4 May 2010)."Apax Agrees to Acquire Sophos".WSJ.Retrieved2 April2014.
  43. ^"Apax Partners to Acquire Trader Corporation's Auto Assets".Apax Partners. 2011-03-25.Retrieved2013-08-05.
  44. ^webreality.co.uk, Webreality."Apax - Error".apax.
  45. ^"Apax-led Consortium Agrees to Acquire Paradigm Ltd".Apax Partners. 2012-06-11.Retrieved2013-08-05.
  46. ^"Garda announces agreement to be acquired by company Founder and CEO Stephan Cretier and Apax Funds".Apax Partners. 2012-11-07.Retrieved2013-10-06.
  47. ^"Apax Partners agrees to acquire Cole Haan".Apax Partners. 2012-11-16.Retrieved2013-10-06.
  48. ^Williams, Christopher (2014-01-21)."Guardian Media Group gets 600m for AutoTrader stake".London: The Daily Telegraph.Retrieved2014-01-21.
  49. ^"Apax-Linked Funds to Acquire Dutch Software Maker for $925 Million".The New York Times.2014-10-09.Retrieved2016-12-08.
  50. ^Dorbian, Iris (2015-04-15)."Apax Partners closes buy of Exact for 730 mln euros".pehub.PE Hub Network.Retrieved2016-12-08.
  51. ^"Recommended cash offer by funds advised by Apax to acquire 100% of the shares of EVRY".Apax Partners. 2014-12-08.Retrieved2014-12-09.
  52. ^"Private equity firm buys Quality Distribution for $800M,"Tampa Bay Business Journal,May 7, 2015.
  53. ^"MergerLinks - Apax Partners acquired Idealista from Tiger Global Management, Kutxabank and Bonsai Venture Capital".app.mergerlinks.2015-07-24.Retrieved2024-05-30.
  54. ^"LKQ to buy Italy's Rhiag to boost Europe auto spares business,"Reuters,December 22, 2015.
  55. ^Boating Industry (19 July 2016)."New owner for Dominion Marine Media".Boating Industry.Retrieved3 October2016.
  56. ^"Funds advised by Apax Partners to acquire ThoughtWorks, Inc".23 August 2017. Archived fromthe originalon 23 August 2017.
  57. ^Clarke, Katherine."British Fashion Entrepreneurs Spend $24 Million on Modern Los Angeles Compound".The Wall Street Journal.New York City, New York.RetrievedDecember 18,2017.
  58. ^Joshi, Malvika (January 17, 2019)."Apax Funds invests $200 million in Fractal Analytics".Livemint.RetrievedFebruary 12,2020.
  59. ^Raghavan, Ranjani (January 16, 2019)."Apax Partners to acquire $200 mn stake in Fractal Analytics".VCcircle.RetrievedFebruary 12,2020.
  60. ^"Funds advised by Apax Partners complete the acquisition of Trade Me".Apax Partners.Retrieved11 May2019.
  61. ^"Apax Funds acquires Baltic Classifieds Group".AIM Group.21 May 2019.Retrieved25 August2021.
  62. ^Bureau, E. T. (2020-04-24)."Apax Partners Completes Coalfire Acquisition".EnterpriseTalk.Retrieved2020-04-25.
  63. ^Lunden, Ingrid (2023-10-17)."Prove Identity nabs $40M at a $1B+ valuation to expand in mobile-based authentication tech".TechCrunch.Retrieved2023-11-29.
  64. ^"Payfone Raises $100 Million Led by the Apax Digital Fund".prnewswire.Retrieved2023-11-29.
  65. ^Mendonça, Elisângela."Apax nets over fivefold return from €1.3bn Idealista sale".Retrieved2024-05-30.
  66. ^Apax (2020-12-29)."Apax Partners buys 3i Infotech product business".Apax.Retrieved2020-12-29.
  67. ^Baker, Katie (2021-01-29)."Apax Partners acquires PIB Group".ReinsuranceNe.ws.Retrieved2024-01-31.
  68. ^"5 Months After Selling, Apax Reinvests In Idealista".onlinemarketplaces.Retrieved2024-05-30.
  69. ^Olenick, Doug (13 February 2021)."M&A Update: Apax Partners to Acquire Herjavec Group".bankinfosecurity.Retrieved2023-09-20.
  70. ^"Herjavec Group to be acquired by U.K.-based Apax Funds | IT World Canada News".itworldcanada.2021-02-11.Retrieved2023-09-20.
  71. ^"Apax Nears Deal for $1.8 Billion German Eyewear Firm Rodenstock".Bloomberg.2021-03-24.Retrieved2023-08-17.
  72. ^"Apax Acquires Rodenstock".mergr.Retrieved2023-08-17.
  73. ^"Funds advised by Apax to acquire Lutech".Private Equity Wire.16 March 2021.Retrieved31 January2023.
  74. ^Harvey, Simon (2021-06-22)."Pet-food business Nulo comes under new majority ownership".Just Food.Retrieved2024-01-31.
  75. ^"Apax Partners acquires Infogain from ChrysCapital".CNBCTV18.11 June 2021.
  76. ^"Apax Funds to acquire Infogain from ChrysCapital | Apax Partners".apax.
  77. ^Apax (2021-08-03)."Apax Merges Software Firms for Non-Profits in $2 Billion Deal".Bloomberg.Retrieved2022-01-20.
  78. ^"Apax Funds and Warburg Pincus to acquire T-Mobile Netherlands".Techzine Europe.2021-09-07.Retrieved2023-09-28.
  79. ^"T-Mobile acquired by two investors for €5.1 billion | NL Times".nltimes.nl.Retrieved2023-09-28.
  80. ^"Apax Funds acquires SavATree".Lawn & Landscape.13 September 2023.Retrieved31 January2024.
  81. ^"Apax Buys Homeowner Services Group of American Water for $1.27B".Mergers&Acquisitions.29 October 2021.Retrieved29 October2023.
  82. ^"Viasat buys Britain's Inmarsat in $7.3 billion satellite play".Reuters.2021-11-08.Retrieved2023-10-31.
  83. ^Sweney, Mark (2021-11-08)."UK satellite firm Inmarsat agrees $7.3bn takeover by US rival Viasat".The Guardian.ISSN0261-3077.Retrieved2023-10-31.
  84. ^"Apax, Nordic conduct Unilabs deal".PitchBook.13 December 2016.Retrieved31 October2023.
  85. ^"Maersk-owner to acquire Unilabs from Apax Partners".Reuters.2021-12-03.Retrieved2023-10-31.
  86. ^"Apax Acquires Ole Smoky Distillery".Mergers&Acquisitions.14 February 2022.Retrieved17 November2023.
  87. ^Brooker, Alice (2022-02-14)."Ole Smoky Distillery sells stake to Apax".The Spirits Business.Retrieved2023-11-17.
  88. ^McCarthy, Sebastian."Inflexion and Apax shake hands in £600m deal for Alcumus".penews.Retrieved2024-02-25.
  89. ^Segal, Mark (2022-02-11)."Apax Acquires Controlling Stake in ESG & EHS Risk Management Provider Alcumus at £600M+ Valuation".ESG Today.Retrieved2024-02-25.
  90. ^"PE firm Apax to sell Boasso Global to KKR".Bulk Transporter.2022-10-28.Retrieved2023-12-31.
  91. ^Dorbian, Iris (2022-10-06)."KKR to acquire ISO tank services provider Boasso Global from Apax".PE Hub.Retrieved2023-12-31.
  92. ^"Blackstone sells stake worth $450 mn in SaaS firm IBS Software to Apax".Business Standard.15 May 2023.Retrieved31 January2024.
  93. ^"Apax to acquire co-controlling stake in Palex Medical".Reuters.31 July 2023.Retrieved31 January2024.
  94. ^"Former Disney CEO Michael Eisner Strikes Deal to Sell Bazooka Gum Business".The Wall Street Journal.14 August 2023.Retrieved31 January2023.
  95. ^Joseph, Irien (2023-10-26)."Apax Partners agrees to invest in GAN Integrity".PE Hub Europe.Retrieved2024-04-14.
  96. ^Dorbian, Iris (2023-11-14)."Apax Digital Funds leads over $100m in vet and pet services software provider Petvisor".PE Hub.Retrieved2024-04-14.
  97. ^"Apax Partners acquires OCS and Finwave".Real Deals.Retrieved2024-04-28.
  98. ^"Private equity dives into datacenters; dry powder hits another record high".S&P Global.15 December 2023.Retrieved28 April2024.
  99. ^"A&O Advises Apax Fund On £700M Consumer Trend Biz Buy - Law360".law360.Retrieved2024-04-28.
  100. ^"Ascential completes sale of WGSN as focus shifts to events business".Exhibition World.Retrieved2024-04-28.
  101. ^Panettieri, Joe (2024-02-29)."M&A: Private Equity Firm Apax Partners Acquires Climate Tech Consultancy IES".Sustainable Tech Partner for Green IT Service Providers.Retrieved2024-06-04.
  102. ^"Funds advised by Apax to acquire Integrated Environmental Solutions".londonstockexchange.2024-02-28.Retrieved2024-06-04.
  103. ^"Funds advised by Apax Partners acquire Healthium MedTech Private Limited".Private Equity Wire.9 April 2018.Retrieved30 May2024.
  104. ^"KKR to Acquire Indian Medical Device Maker Healthium From Apax".bloomberg.2024-05-06.Retrieved2024-05-30.
  105. ^"KKR Acquires Healthium MedTech in $839 Million Deal, Expanding Healthcare Portfolio".Bru Times News.Retrieved2024-05-30.
  106. ^Nick Mathiason (10 June 2007)."Private equity stole our pensions".Observer Newspapers.London.Retrieved9 June2014.
  107. ^"House of Commons Debate on Deferred pensions, 17 January 2006, c234WH".Theyworkforyou.Retrieved8 December2015.
  108. ^William Louch (24 December 2015)."Luxembourg court rules in favour of Apax, TPG in Hellas case".efinancialnews /.Retrieved14 January2016.
  109. ^Kleyr Grasso (5 January 2016)."Hellas case: Court rejects claim - 5 January 2016".Lexology.Globe Business Publishing Ltd.Retrieved14 January2016.
  110. ^Delevingne, Lawrence (20 November 2014)."Greek drama: Telecom focus of bloody PE fight".CNBC.
  111. ^"Another Greek tragedy".The Economist.ISSN0013-0613.Retrieved2015-12-23.
  112. ^"Letters".The Economist.23 July 2015.Retrieved2015-12-23.
  113. ^"COURT: Hellas Telecommunications liquidators abandon lawsuit against Apax and TPG, costs hearing week of 5 March,"Debtwire, February 23, 2018.

External links[edit]

Retrieved from "https://en.wikipedia.org/w/index.php?title=Apax_Partners&oldid=1234734604"