Apax Partners related stories
All articles and analysis
Rival consortium challenges KKR for ColesA consortium that includes Pacific Equity Partners, Permira and Wesfarmers, a Sydney-listed conglomerate, has bid A$19.7 billion for Coles Group, Australia’s second-biggest retailer – although KKR could yet return with another bid.
- Apax, Morgan Stanley up bid for US insurance firm
Apax Partners and Morgan Stanley Principal Investments have increased their offer for Hub International, as they look to ward off the threat of a competing bid.
- Rethinking public funding
Despite the significant increase in publicly-backed UK funds investing in early-stage companies private investors won’t touch, such funds have not yet made attractive returns. NESTA’s Jonathan Kestenbaum wants to change that.
- New Look set for £2bn secondary sale
Permira and Apax Partners have reportedly decided to sell rather than float their £2 billion-rated UK fashion retailer New Look, after the company’s management expressed a preference to remain privately-owned.
- Consortium mulls Intelsat sale
A consortium of four private equity firms is contemplating the $17 billion sale of satellite operator Intelsat, potentially yielding a tenfold return on its initial investment.
- Apax completes bolt-on deal for Travelex
Apax Partners has looked to bolster the US presence of portfolio company Travelex by bolting on Ruesch International, a rival payment services business owned by Welsh Carson Anderson & Stowe.
- Claire’s loses another buyout suitor
The troubled auction of Claire’s Accessories, a US-based fashion retailer, has reportedly suffered another blow with news that previous favourite Apax Partners has withdrawn on price grounds.
- Candover backs out of Auto Trader bidding
Auto Trader, a car sales business owned by the UK-based Guardian Media Group, is expected to be valued at up to £1.3 billion when final bids are submitted tomorrow. The price has reportedly frightened off one interested party.
- Apax’s first close is imminent on €6bn
The veteran European firm is days away from a first close on its latest fund on €6 billion, putting the firm in a strong position to hit a final target of about €10 billion, investors say.
- Boots yields to increased KKR bid
The UK retailer will open its books to Kohlberg Kravis Roberts, after the buyout firm increased its bid to £10.40 per share or £10.1 billion.