Apax Partners related stories
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August founder quits primary investmentAndrew Hartley, a founder of UK mid-market firm August Equity, has joined direct secondaries investor Chamonix Private Equity. The direct secondaries market is ‘the place to be’ as deal flow from financial institutions increases, he says.
- TPG tops list of 300 largest firms
According to the PEI 300, Private Equity International magazine’s proprietary ranking of the world’s largest private equity firms, the firm led by David Bonderman has raised more capital for private equity direct investment than any other firm over the past five years.
- Russian private equity firms may merge
Delta and UFG have moved into the same office and are ‘collaborating on deals’. No decision has been made regarding a potential merger of the two firms, according to chairman and chief executive of Delta, Patricia Cloherty.
- Report: WL Ross remains in race for Satyam
The turnaround firm is reportedly the only private equity group still eyeing India’s Satyam Computer Services.
- Apax to take Incisive action
The private equity firm is planning a £20m debt for equity swap as it looks to retain control of UK publisher Incisive Media.
- CVC hires head of US financial institutions team
Kamil Salame, former partner with DLJ Merchant Banking and managing director with Credit Suisse, will head up CVC’s financial institutions group from the US. The firm launched its financial institutions team last year.
- Goldman to battle private equity for iShares
The auction for Barclays Capital’s ETF management business has the investment banking group pitted against a selection of private equity firms including Hellman & Friedman, Bain and TPG. Vanguard, a US-based investment management firm, is also mounting a bid.
- Swedish Apax office to become independent
Apax Partners is downgrading its resources in Sweden as part of its efforts to ‘rebalance’ its existing resources.
- Apax-backed Streetbroadcast goes bust
The UK-based street advertising firm, acquired by Apax in 2003, has filed for administration, blaming poor market conditions and slashed advertising budgets. The firm’s administrator MCR is now seeking a trade buyer.
- Apax, Barclays complete £1.6bn Somerfield exit
The UK supermarket chain Somefield has been sold to fellow supermarket operator Co-Operative Group just three years after it was acquired by an Apax- and Barclays-led consortium for £1.8 billion. The deal was announced in July but has taken 6 months to complete.