Apax Partners related stories
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Apax Partners closes $7.5bn fundThe global private equity firm has closed its eighth vehicle, coming in well below its original $11.9bn target.
- Cinven in handover discussions over Frans Bonhomme
The French equipment maker, bought by the firm for €900m in 2005, is seeking to renegotiate the terms of its €600m debt burden.
- Graphite nears first and final close
It is understood the UK-headquartered firm will reach its £475m target over the summer, according to a source familiar with the matter.
- RDIF bolsters international advisory board
The three high-profile appointments, which include the president of China Investment Corporation and the CEO of Qatar Investment Authority, come as Russia’s sovereign wealth fund continues to forge partnerships with international institutions to source co-investment opportunities.
- Apax’s Cengage files for Chapter 11
The educational publisher, acquired by Apax and OMERS for $7.7bn in 2007, has entered bankruptcy protection to eliminate $4bn of its $5.8bn outstanding debt - just ten days after Apax closed its new buyout fund.
- Vestar closes Fund VI well below target
Launched in 2010, Fund VI’s original goal was $3.5bn, but the fundraising proved challenging, forcing the firm to reduce its ambitions and shrink its organisation as a result.
- EQT's and Goldman’s ISS appoints chairman
Sir Charles Allen, the former chairman of EMI and CEO of ITV, joins at a time when the Danish group's private equity owners are gearing the business up again for an IPO.
- Apax sells insurance broker for $4.4bn
After acquiring the company for about $2bn in 2007, Apax Partners will sell Hub International to its peer Hellman & Friedman.
- Vitruvian eyes £800m for Fund II
The European mid-market firm founded by former Apax and BC Partners professionals is planning to raise a similar amount as it did for Fund I.
- CIC loses another private equity official
The $460bn sovereign wealth fund has been experiencing an exodus of alternative investment professionals, many of whom were hired during the fund’s initial launching of its private equity programme.