Wikipedia

Apax Partners

(Redirected from Patricof & Co.)

Apax Partners LLP is a British private equity firm, headquartered in London, England.[3] The company also operates out of six other offices in New York, Hong Kong, Mumbai, Tel Aviv, Munich and Shanghai.[4] As of March 2024, the firm had raised and advised funds of approximately US$77 billion.[5] Apax Partners is one of the oldest and largest private equity firms operating on an international basis.[6]

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.com

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

Apax raises capital for its investment funds through institutional investors including corporate and public pension funds, university and college endowments, foundations and fund of funds.

History

edit

In 1972,[8][9] Ronald Mourad Cohen and 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 capitalist Alan 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 (apax means "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 market leveraged buyout firm Saunders Karp & Megrue to 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 Telecom restructured, and agreed to sell the Yell Group Yellow pages directory business to Apax and Lion Capital LLP for £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's FTSE in 2003.[28]
  • Apax purchased a majority stake in Travelex (the world's largest foreign exchange company) for £1.06bn. In Q3 2005 Apax also announced plans to purchase Grupo Panrico, one of Spain's largest food companies and its largest bakery company.
  • A partnership consisting of Apax, Saban Capital Group and Arkin Communications acquired the controlling interest (30%) in Israeli telecommunications company Bezeq in October 2005 for $923 million.[29] The partnership sold its stake to Internet Gold – Golden Lines Ltd. subsidiary B Communications in April 2010 for $1.75 billion.[30]
  • Apax floated the satellite communications company Inmarsat on the London Stock Exchange in 2015.[31]
  • Apax purchased the Tommy Hilfiger Corporation for $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 acquired HIT Entertainment in a take-private transaction.[34]
  • On 21 August 2006 it was announced that Apax Partners and Bain Capital had joined the enlarged private equity consortium headed by KKR that has agreed to acquire an 80.1% stake in the Semiconductor Division of Royal Philips Electronics. The new company is called NXP Semiconductors.
  • On 31 October 2006 it was announced that Apax Partners had acquired FTMSC (France Télécom Mobile Satellite Communications) which would later be rebranded under the Vizada name in June 2007. This was shortly followed by an announcement on 6 September 2007 explaining that Apax Partners had acquired Telenor Satellite Services which was to be merged into the Vizada brand.
  • On 20 November 2006 Apax Partners Worldwide LLP won a tender to buy control of Tnuva. 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 and OMERS Capital Partners under which such funds acquired the higher education, careers and library reference assets of Thomson Learning, and a consortium of funds advised by OMERS, and Apax acquired Nelson 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 to Cengage Learning, on 24 July 2007.
  • In January 2008 Apax and Mivtach Shamir purchased the Tnuva company for $1.025 billion.[35][36]
  • In August 2008, Apax Partners completed acquisition of TriZetto Group.[37]
  • In August 2009, Apax Partners completed acquisition of Bankrate.[38]

2010–2014

edit
  • In January 2010, Apax Partners acquired 76.8% of Israel-based Psagot Investment House for $570 million.[39]
  • In April 2010, Apax Partners announced acquisition of TIVIT.[40][41]
  • In May 2010, Apax Partners acquired a 70% stake in Sophos for $580 million.[42]
  • On 25 March 2011 Apax Partners announced that it had reached a definitive agreement to purchase Trader Corporation (“Trader”) from Yellow Media for a purchase price consideration of $745 million.[43]
  • On 23 December 2011 Apax Partners announced acquisition of the Swiss branch of Orange.[44]
  • In February 2012, Apax sold HiT Entertainment to Mattel for $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 acquire Cole Haan and 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 acquire Dutch software maker Exact.[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 of EVRY.[51]

2015–2019

edit
  • In May 2015, Apax Partners agreed to purchase Quality 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 to LKQ Corporation for $1.14 billion.[54]
  • On 23 August 2017 funds advised by Apax Partners announced a definitive agreement to acquire ThoughtWorks, a global software development and digital transformation consulting company.[56]
  • In September 2017, Tom Chapman and Ruth Chapman sold a majority stake in Matchesfashion.com to private-equity funds managed by Apax Partners.[57]

Since 2020

edit
  • In April 2020, Apax Partners finalized the purchase of Coalfire, a cybersecurity firm.[62]
  • In June 2020, Apax invested $100 million 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, to EQT 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 global managed security services provider led by founder and CEO Robert Herjavec, who retained a significant stake.[69][70]
  • In March 2021, Apax Partners acquired Rodenstock, a German manufacturer of ophthalmic lenses and spectacle frames, for EUR1.5 billion.[71][72]
  • In March 2021, Apax also agreed to acquire Lutech, an IT service company in Italy, from One 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 acquired EveryAction from Insight Partners and Social Solutions from Vista 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 with Warburg Pincus to acquire T-Mobile Netherlands Holding B.V., today known as Odido, in a transaction valuing the company at an enterprise value of 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 of American Water Works for $1.27 billion.[81]
  • In November 2021, UK satellite firm Inmarsat, partially owned by Apax, agreed to be acquired by Viasat for $7.3 billion.[82][83]
  • In December 2021, Apax sold Unilabs, a European medical diagnostics company acquired from Nordic Capital and Apax Partners France, today known as Seven2,[25] in 2016,[84] to A.P. Moller Holding, the owner of Maersk.[85]
  • In May 2023, Apax agreed to acquire Blackstone Inc.'s minority 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 with The Tornante Company, former Disney CEO Michael Eisner's private investment firm, and Madison Dearborn Partners to acquire the Bazooka candy 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, a veterinary and 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 of trend forecasting company WGSN from Ascential.[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 the decarbonisation of buildings, communities and cities.[101][102]
  • In May 2024, Apax agreed to sell India based Healthium Medtech, a medical device company acquired from TPG Growth, CX Partners, and founding shareholders in April 2018,[103] to KKR for a sum of $839 million.[104][105]
  • In Nov 2024, Apax completes the transaction to take the consultancy company Thoughtworks (NASDAQ: TWKS) private, for a sum of $1.75 Billion[106].

Investment funds

edit
Fund Vintage Year Capital ($m)
Apax VIII[107] 2013 $7,500
AMI Opportunities L.P.[108] 2015 $500
Apax IX[109] 2016 $9,000
Apax Digital Fund[110] 2017 $1,000
Apax X[111] 2020 $11,000
Apax Digital Fund II[112] 2023 $1,750
Apax Global Impact[113][114] 2023 $877
Apax XI[115] 2024 $12,000

Criticism

edit

British United Shoe Machinery (2000)

edit

The circumstances surrounding the demerger, transfer of assets and subsequent collapse of the British United Shoe Machinery in 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 Parliament Ashok Kumar said, "I think these people needed flogging ..these are greedy, selfish, capitalists who live on the backs of others."[116][117]

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 $56 million 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 United States. In December 2015 a separate legal action brought by the liquidators of Hellas Telecommunications was dismissed by a Luxembourg court.[118][119][120][121][122] In February 2018 the liquidators abandoned their UK case against Apax and TPG after four days of trial.[123]

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. ^ www.webreality.co.uk, Webreality. "Apax – Offices". www.apax.com.
  5. ^ "Apax holds final close for eleventh global buyout fund". www.apax.com. Retrieved 2024-05-30.
  6. ^ "Bazooka Candy Brands Sold for $700 Million". ProFood World. 2023-08-17. Retrieved 2023-12-06.
  7. ^ "Apax Partners | Institution Profile | Private Equity International". www.privateequityinternational.com. Retrieved 2023-12-06.
  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. Retrieved 2023-11-30.
  9. ^ "Q: What have Dolly the sheep, Chris Evans and Britain's first". The Independent. 2000-11-15. Retrieved 2023-11-30.
  10. ^ "Sir Ronald M. Cohen, MBA 1969". Harvard Business School Alumni. 2006-01-01. Retrieved 2024-02-25.
  11. ^ "Maurice Tchenio". Fondation AlphaOmega. Retrieved 2024-02-25.
  12. ^ a b "This old guy sure can pick 'em". Money CNN. 11 September 2007. Retrieved 25 February 2024.
  13. ^ "Legendary VC Alan Patricof says valuations still have further to fall". Fortune. Retrieved 2024-02-25.
  14. ^ "Globetrotter". Forbes. Retrieved 2023-10-31.
  15. ^ "Le Dfi Mondial". Forbes. Retrieved 2024-02-25.
  16. ^ "Ronald Cohen's Turn to Social Investing". HBS Working Knowledge. Retrieved 2024-02-25.
  17. ^ "APAX PARTNERS HOLDINGS LTD overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-02-25.
  18. ^ Meikle, Brad (2001-10-01). "Patricof & Co name change". Buyouts. Retrieved 2024-02-25.
  19. ^ "Patricof Becomes Apax". Light Reading. 10 September 2001. Retrieved 25 February 2024.
  20. ^ "APAX PARTNERS LLP overview - Find and update company information - GOV.UK". find-and-update.company-information.service.gov.uk. Retrieved 2024-02-25.
  21. ^ "COMPANY NEWS; BRITISH BUYOUT FIRM BUYS OUT AMERICAN BUYOUT FIRM". The New York Times. 2005-02-25. ISSN 0362-4331. Retrieved 2024-02-25.
  22. ^ Rayner, Abigail (2024-02-25). "Apax's US arm in merger". The Sunday Times. ISSN 0140-0460. Retrieved 2024-02-25.
  23. ^ Sorkin, Andrew Ross (2006-03-06). "New Fund for Prominent Investor". The New York Times. ISSN 0362-4331. Retrieved 2024-02-25.
  24. ^ "DNA". Apax. Retrieved 2023-10-31.
  25. ^ a b "Apax Partners rebrands to Seven2". Real Deals. Retrieved 2023-10-31.
  26. ^ "Yell.com History - 2000+". Yell.com. Archived from the original on 8 February 2008. Retrieved 2008-01-11.
  27. ^ Yell buys US directories BBC News, 21 January 2002
  28. ^ Europe's IPO trickle could become a flood Businessweek, 21 July 2003
  29. ^ "Apax Saban Arkin Group completes acquisition of controlling interest in leading Israeli telecom company Bezeq". Goliath. 1 October 2005. Retrieved 18 March 2012.
  30. ^ "B Communications Closes Acquisition Of Controlling Interest In Bezeq". RTTNews. 14 April 2010. Archived from the original on 11 September 2012. Retrieved 18 March 2012.
  31. ^ Harding, Latoya (19 March 2019). "Private equity firms make fresh bid for Inmarsat". Daily Telegraph. Retrieved 20 March 2019.
  32. ^ Lockwood, Lisa (2006-05-10). "Shareholders Approve Hilfiger-Apax Merger". WWD. Retrieved 2023-12-20.
  33. ^ O'Connor, Clare (2014-12-10). "Turnaround Tommy: How Hilfiger's Once-Dead Brand Had Its Biggest Year Ever". Forbes. Retrieved 2023-12-20.
  34. ^ Sabbagh, Dan (2006-10-31). "Bob helps HIT to build its profits". The Times. ISSN 0140-0460. Retrieved 2018-06-29.
  35. ^ "Consortium comprising funds advised by Apax Partners & Mivtach Shamir acquires Tnuva for $1.025 billion". apax. 7 January 2008. Retrieved 12 March 2012.
  36. ^ "Fosun Capital mulls buying Meir Shamir's Tnuva stake - Globes English". Globes (in Hebrew). 7 December 2014. Retrieved 2017-08-20.
  37. ^ "Funds advised by Apax Partners agree to sell their majority stake in the TriZetto Corporation to Cognizant Technology Solutions". www.prnewswire.com (Press release). Retrieved 2018-09-20.
  38. ^ Harrington, Amanda Andrews and Ben (2010-10-31). "Apax Partners in the hunt for moneysupermarket". Daily Telegraph. ISSN 0307-1235. Retrieved 2018-09-20.
  39. ^ "Apax buys majority of Israel investment firm Psagot". Ynetnews. Reuters. 11 January 2010. Retrieved 12 March 2012.
  40. ^ "TIVIT - Líder em serviços integrado de tecnologia e possui um portfólio único de soluções". TIVIT.
  41. ^ "Terms of Service Violation". Bloomberg.com. 10 May 2010. Retrieved 2018-09-20.
  42. ^ Worthen, Ben (4 May 2010). "Apax Agrees to Acquire Sophos". WSJ. Retrieved 2 April 2014.
  43. ^ "Apax Partners to Acquire Trader Corporation's Auto Assets". Apax Partners. 2011-03-25. Retrieved 2013-08-05.
  44. ^ www.webreality.co.uk, Webreality. "Apax - Error". www.apax.com.
  45. ^ "Apax-led Consortium Agrees to Acquire Paradigm Ltd". Apax Partners. 2012-06-11. Retrieved 2013-08-05.
  46. ^ "Garda announces agreement to be acquired by company Founder and CEO Stephan Cretier and Apax Funds". Apax Partners. 2012-11-07. Retrieved 2013-10-06.
  47. ^ "Apax Partners agrees to acquire Cole Haan". Apax Partners. 2012-11-16. Retrieved 2013-10-06.
  48. ^ Williams, Christopher (2014-01-21). "Guardian Media Group gets 600m for AutoTrader stake". London: The Daily Telegraph. Retrieved 2014-01-21.
  49. ^ "Apax-Linked Funds to Acquire Dutch Software Maker for $925 Million". The New York Times. 2014-10-09. Retrieved 2016-12-08.
  50. ^ Dorbian, Iris (2015-04-15). "Apax Partners closes buy of Exact for 730 mln euros". pehub.com. PE Hub Network. Retrieved 2016-12-08.
  51. ^ "Recommended cash offer by funds advised by Apax to acquire 100% of the shares of EVRY". Apax Partners. 2014-12-08. Retrieved 2014-12-09.
  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.com. 2015-07-24. Retrieved 2024-05-30.
  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. Retrieved 3 October 2016.
  56. ^ "Funds advised by Apax Partners to acquire ThoughtWorks, Inc". 23 August 2017. Archived from the original on 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. Retrieved December 18, 2017.
  58. ^ Joshi, Malvika (January 17, 2019). "Apax Funds invests $200 million in Fractal Analytics". Livemint. Retrieved February 12, 2020.
  59. ^ Raghavan, Ranjani (January 16, 2019). "Apax Partners to acquire $200 mn stake in Fractal Analytics". VCcircle. Retrieved February 12, 2020.
  60. ^ "Funds advised by Apax Partners complete the acquisition of Trade Me". Apax Partners. Retrieved 11 May 2019.
  61. ^ "Apax Funds acquires Baltic Classifieds Group". AIM Group. 21 May 2019. Retrieved 25 August 2021.
  62. ^ Bureau, E. T. (2020-04-24). "Apax Partners Completes Coalfire Acquisition". EnterpriseTalk. Retrieved 2020-04-25. {{cite web}}: |last= has generic name (help)
  63. ^ Lunden, Ingrid (2023-10-17). "Prove Identity nabs $40M at a $1B+ valuation to expand in mobile-based authentication tech". TechCrunch. Retrieved 2023-11-29.
  64. ^ "Payfone Raises $100 Million Led by the Apax Digital Fund". www.prnewswire.com. Retrieved 2023-11-29.
  65. ^ Mendonça, Elisângela. "Apax nets over fivefold return from €1.3bn Idealista sale". Retrieved 2024-05-30.
  66. ^ Apax (2020-12-29). "Apax Partners buys 3i Infotech product business". Apax. Retrieved 2020-12-29.
  67. ^ Baker, Katie (2021-01-29). "Apax Partners acquires PIB Group". ReinsuranceNe.ws. Retrieved 2024-01-31.
  68. ^ "5 Months After Selling, Apax Reinvests In Idealista". www.onlinemarketplaces.com. Retrieved 2024-05-30.
  69. ^ Olenick, Doug (13 February 2021). "M&A Update: Apax Partners to Acquire Herjavec Group". www.bankinfosecurity.com. Retrieved 2023-09-20.
  70. ^ "Herjavec Group to be acquired by U.K.-based Apax Funds | IT World Canada News". www.itworldcanada.com. 2021-02-11. Retrieved 2023-09-20.
  71. ^ "Apax Nears Deal for $1.8 Billion German Eyewear Firm Rodenstock". Bloomberg.com. 2021-03-24. Retrieved 2023-08-17.
  72. ^ "Apax Acquires Rodenstock". mergr.com. Retrieved 2023-08-17.
  73. ^ "Funds advised by Apax to acquire Lutech". Private Equity Wire. 16 March 2021. Retrieved 31 January 2023.
  74. ^ Harvey, Simon (2021-06-22). "Pet-food business Nulo comes under new majority ownership". Just Food. Retrieved 2024-01-31.
  75. ^ "Apax Partners acquires Infogain from ChrysCapital". CNBCTV18. 11 June 2021.
  76. ^ "Apax Funds to acquire Infogain from ChrysCapital | Apax Partners". www.apax.com.
  77. ^ Apax (2021-08-03). "Apax Merges Software Firms for Non-Profits in $2 Billion Deal". Bloomberg. Retrieved 2022-01-20.
  78. ^ "Apax Funds and Warburg Pincus to acquire T-Mobile Netherlands". Techzine Europe. 2021-09-07. Retrieved 2023-09-28.
  79. ^ "T-Mobile acquired by two investors for €5.1 billion | NL Times". nltimes.nl. Retrieved 2023-09-28.
  80. ^ "Apax Funds acquires SavATree". Lawn & Landscape. 13 September 2023. Retrieved 31 January 2024.
  81. ^ "Apax Buys Homeowner Services Group of American Water for $1.27B". Mergers&Acquisitions. 29 October 2021. Retrieved 29 October 2023.
  82. ^ "Viasat buys Britain's Inmarsat in $7.3 billion satellite play". Reuters. 2021-11-08. Retrieved 2023-10-31.
  83. ^ Sweney, Mark (2021-11-08). "UK satellite firm Inmarsat agrees $7.3bn takeover by US rival Viasat". The Guardian. ISSN 0261-3077. Retrieved 2023-10-31.
  84. ^ "Apax, Nordic conduct Unilabs deal". PitchBook. 13 December 2016. Retrieved 31 October 2023.
  85. ^ "Maersk-owner to acquire Unilabs from Apax Partners". Reuters. 2021-12-03. Retrieved 2023-10-31.
  86. ^ "Apax Acquires Ole Smoky Distillery". Mergers&Acquisitions. 14 February 2022. Retrieved 17 November 2023.
  87. ^ Brooker, Alice (2022-02-14). "Ole Smoky Distillery sells stake to Apax". The Spirits Business. Retrieved 2023-11-17.
  88. ^ McCarthy, Sebastian. "Inflexion and Apax shake hands in £600m deal for Alcumus". www.penews.com. Retrieved 2024-02-25.
  89. ^ Segal, Mark (2022-02-11). "Apax Acquires Controlling Stake in ESG & EHS Risk Management Provider Alcumus at £600M+ Valuation". ESG Today. Retrieved 2024-02-25.
  90. ^ "PE firm Apax to sell Boasso Global to KKR". Bulk Transporter. 2022-10-28. Retrieved 2023-12-31.
  91. ^ Dorbian, Iris (2022-10-06). "KKR to acquire ISO tank services provider Boasso Global from Apax". PE Hub. Retrieved 2023-12-31.
  92. ^ "Blackstone sells stake worth $450 mn in SaaS firm IBS Software to Apax". Business Standard. 15 May 2023. Retrieved 31 January 2024.
  93. ^ "Apax to acquire co-controlling stake in Palex Medical". Reuters. 31 July 2023. Retrieved 31 January 2024.
  94. ^ "Former Disney CEO Michael Eisner Strikes Deal to Sell Bazooka Gum Business". The Wall Street Journal. 14 August 2023. Retrieved 31 January 2023.
  95. ^ Joseph, Irien (2023-10-26). "Apax Partners agrees to invest in GAN Integrity". PE Hub Europe. Retrieved 2024-04-14.
  96. ^ Dorbian, Iris (2023-11-14). "Apax Digital Funds leads over $100m in vet and pet services software provider Petvisor". PE Hub. Retrieved 2024-04-14.
  97. ^ "Apax Partners acquires OCS and Finwave". Real Deals. Retrieved 2024-04-28.
  98. ^ "Private equity dives into datacenters; dry powder hits another record high". S&P Global. 15 December 2023. Retrieved 28 April 2024.
  99. ^ "A&O Advises Apax Fund On £700M Consumer Trend Biz Buy - Law360". www.law360.com. Retrieved 2024-04-28.
  100. ^ "Ascential completes sale of WGSN as focus shifts to events business". Exhibition World. Retrieved 2024-04-28.
  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. Retrieved 2024-06-04.
  102. ^ "Funds advised by Apax to acquire Integrated Environmental Solutions". www.londonstockexchange.com. 2024-02-28. Retrieved 2024-06-04.
  103. ^ "Funds advised by Apax Partners acquire Healthium MedTech Private Limited". Private Equity Wire. 9 April 2018. Retrieved 30 May 2024.
  104. ^ "KKR to Acquire Indian Medical Device Maker Healthium From Apax". www.bloomberg.com. 2024-05-06. Retrieved 2024-05-30.
  105. ^ "KKR Acquires Healthium MedTech in $839 Million Deal, Expanding Healthcare Portfolio". Bru Times News. Retrieved 2024-05-30.
  106. ^ "Thoughtworks Completes Transaction to Go Private in $1.75 Billion Deal with Apax Funds". Businesswire.
  107. ^ "Apax VIII holds final close on €5.8bn | Unquote". www.unquote.com. 2013-06-24. Retrieved 2024-08-09.
  108. ^ Dorbian, Iris (2015-12-01). "Apax Partners closes $500 mln for Israeli midmarket PE fund". PE Hub. Retrieved 2024-08-09.
  109. ^ "Apax Partners raises $1B tech fund, investing in luxury e-commerce site". The Middle Market. December 8, 2017. Retrieved 2024-08-08.
  110. ^ Leach, Kamaron (December 8, 2017). "Apax Partners raises $1B tech fund, investing in luxury e-commerce site". The Middle Market. Retrieved 2024-08-09.
  111. ^ "Side Letter: Apax's $12bn close". Private Equity International. 2024-04-11. Retrieved 2024-08-08.
  112. ^ "Apax closes Apax Digital Fund II at USD1.75bn hard cap". Private Equity Wire. September 24, 2021. Retrieved 2024-08-09.
  113. ^ "Apax closes $900m impact fund focussed on sustainability". Funds Europe. 18 January 2024. Retrieved 2024-08-09.
  114. ^ "2023 Annual Report and Accounts – Company Announcement - FT.com". markets.ft.com. Retrieved 2024-08-09.
  115. ^ "Side Letter: Apax's $12bn close". Private Equity International. 2024-04-11. Retrieved 2024-08-09.
  116. ^ Nick Mathiason (10 June 2007). "Private equity stole our pensions". Observer Newspapers. London. Retrieved 9 June 2014.
  117. ^ "House of Commons Debate on Deferred pensions, 17 January 2006, c234WH". Theyworkforyou.com. Retrieved 8 December 2015.
  118. ^ William Louch (24 December 2015). "Luxembourg court rules in favour of Apax, TPG in Hellas case". efinancialnews.com/. Retrieved 14 January 2016.
  119. ^ Kleyr Grasso (5 January 2016). "Hellas case: Court rejects claim - 5 January 2016". Lexology.com. Globe Business Publishing Ltd. Retrieved 14 January 2016.
  120. ^ Delevingne, Lawrence (20 November 2014). "Greek drama: Telecom focus of bloody PE fight". CNBC.
  121. ^ "Another Greek tragedy". The Economist. ISSN 0013-0613. Retrieved 2015-12-23.
  122. ^ "Letters". The Economist. 23 July 2015. Retrieved 2015-12-23.
  123. ^ "COURT: Hellas Telecommunications liquidators abandon lawsuit against Apax and TPG, costs hearing week of 5 March," Debtwire.com, February 23, 2018.
edit
Retrieved from "https://en.wikipedia.org/w/index.php?title=Apax_Partners&oldid=1257171533"