Apax Partners
Encyclopedia
Apax Partners LLP is a global private equity
and venture capital
firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai
, Tel-Aviv, Madrid
, Stockholm
, Milan
and Munich
. The firm, including its various predecessors, have raised approximately $35 billion
(USD) dating back to 1969. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the seventh largest private equity firm globally.
Apax invests exclusively in certain business sectors including: telecommunications, information technology
, retail
and consumer products, media
, healthcare and financial
and business services. As of the end of 2007, Apax had invested in approximately 340 companies in all stages of development.
Apax raises capital for its investment funds through institutional investors including corporate and public pension fund
s, university and college endowment
s, foundations and fund of funds
. One of the firm's co-founders, Alan Patricof
, was an early investor in Apple Computer
and America Online (AOL).
founded Patricof & Co. a firm dedicated to making investments in "development capital" later known as "venture capital," primarily in small early-stage companies. Patricof, one of the early venture capitalists, was involved in the development of numerous major companies including America Online, Office Depot
, Cadence Design Systems
, Apple Computer
and FORE Systems
. In 1975, Patricof launched 53rd Street Ventures, a $10 million vehicle.
Meanwhile, in 1972, Sir Ronald Cohen and Maurice Tchénio, along with two other partners, founded Multinational Management Group (MMG) with offices in London, Paris, and Chicago. MMG initially was established as an advisory firm, working with small emerging companies, rather than an investment firm. However, MMG initially struggled to gain traction amid the negative economic conditions, particularly in the UK in the mid-1970s.
By 1977, two of the original four founding partners had left MMG, leaving Cohen and Tchénio in need of a partner to help rejuvenate their firm. In that year, Cohen approached Alan Patricof to join them and run the new firm's investments in the U.S. The new firm would be known as Alan Patricof Associates (APA) and ultimately come to be known as Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border). Following the merger, MMG abandoned its advising business, and the new APA shifted its focus exclusively to investing in start-up
companies.
fund in 1987 and its first dedicated European leveraged buyout
fund MMG Patricof European Buy-In Fund in 1989. In response to the changing conditions, in the venture capital
industry in the 1980s Apax (and other early venture capital firms including Warburg Pincus
and J.H. Whitney & Company
) began to transition away from venture capital
toward leveraged buyouts and growth capital investments, which were in vogue in that decade. This trend was more prevalent in Europe than the U.S. where Patricof preferred to continue focusing on venture investments.
In 1991, Apax Partners became the official name for all of its European operations 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.
In 2000, Patricof & Co. adopted the Apax Partners branding and formalized its affiliation with its European business. The U.S. business would operate as Apax Partners, Inc. The following year, Patricof stepped back from day-to-day management of Apax Partners, Inc., the US arm of the firm to return to his original focus on making venture capital investments in small early-stage companies. In 2006, Patricof left Apax to form Greycroft Partners
which focuses on small early-stage venture capital investments.
Despite the closer relations between the U.S. and European teams, the firm still operated separate fund entities for each geography. The European side of the business began to pull away in terms of capital commitments, raising more than $5 billion for its 2004 vintage European fund but just $1 billion for its 2006 U.S. vintage fund.
As of June 2011 Israel consumer action groups are calling for a consumer ban of TNUVA an APAX held firm in Israel.
On September 25 2011 Israeli media reported :
Antitrust Authority opens Tnuva probe
Chairwoman Zehavit Cohen and CEO Arik Schor will be questioned today on suspicion of concealing information
firm Saunders Karp & Megrue to augment its buyout business in the United States Saunders Karp, formerly based in Stamford, Connecticut
, was founded in 1989 by Thomas A. Saunders III and Allan W. Karp. John Megrue, who today heads Apax's operations in the U.S., had worked as a principal at Patricof & Co. before joining Saunders Karp in 1992. Saunders Karp had received capital commitments from institutional investors including AT&T
, the General Electric Pension Trust
, Goldman Sachs Private Equity Group
, HarbourVest Partners
, JP Morgan Fleming Asset Management, New York State Common Retirement Fund and Verizon, among others.
2001
2004
2005
2006
2007
2008
2009
2010
Private equity
Private equity, in finance, is an asset class consisting of equity securities in operating companies that are not publicly traded on a stock exchange....
and venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
firm, headquartered in London. The company also operates out of eight other offices in New York, Hong Kong, Mumbai
Mumbai
Mumbai , formerly known as Bombay in English, is the capital of the Indian state of Maharashtra. It is the most populous city in India, and the fourth most populous city in the world, with a total metropolitan area population of approximately 20.5 million...
, Tel-Aviv, Madrid
Madrid
Madrid is the capital and largest city of Spain. The population of the city is roughly 3.3 million and the entire population of the Madrid metropolitan area is calculated to be 6.271 million. It is the third largest city in the European Union, after London and Berlin, and its metropolitan...
, Stockholm
Stockholm
Stockholm is the capital and the largest city of Sweden and constitutes the most populated urban area in Scandinavia. Stockholm is the most populous city in Sweden, with a population of 851,155 in the municipality , 1.37 million in the urban area , and around 2.1 million in the metropolitan area...
, Milan
Milan
Milan is the second-largest city in Italy and the capital city of the region of Lombardy and of the province of Milan. The city proper has a population of about 1.3 million, while its urban area, roughly coinciding with its administrative province and the bordering Province of Monza and Brianza ,...
and Munich
Munich
Munich The city's motto is "" . Before 2006, it was "Weltstadt mit Herz" . Its native name, , is derived from the Old High German Munichen, meaning "by the monks' place". The city's name derives from the monks of the Benedictine order who founded the city; hence the monk depicted on the city's coat...
. The firm, including its various predecessors, have raised approximately $35 billion
1000000000 (number)
1,000,000,000 is the natural number following 999,999,999 and preceding 1,000,000,001.In scientific notation, it is written as 109....
(USD) dating back to 1969. Apax Partners is one of the oldest and largest private equity firms operating on an international basis, ranked the seventh largest private equity firm globally.
Apax invests exclusively in certain business sectors including: telecommunications, information technology
Information technology
Information technology is the acquisition, processing, storage and dissemination of vocal, pictorial, textual and numerical information by a microelectronics-based combination of computing and telecommunications...
, retail
Retail
Retail consists of the sale of physical goods or merchandise from a fixed location, such as a department store, boutique or kiosk, or by mail, in small or individual lots for direct consumption by the purchaser. Retailing may include subordinated services, such as delivery. Purchasers may be...
and consumer products, media
Mass media
Mass media refers collectively to all media technologies which are intended to reach a large audience via mass communication. Broadcast media transmit their information electronically and comprise of television, film and radio, movies, CDs, DVDs and some other gadgets like cameras or video consoles...
, healthcare and financial
Financial services
Financial services refer to services provided by the finance industry. The finance industry encompasses a broad range of organizations that deal with the management of money. Among these organizations are credit unions, banks, credit card companies, insurance companies, consumer finance companies,...
and business services. As of the end of 2007, Apax had invested in approximately 340 companies in all stages of development.
Apax raises capital for its investment funds through institutional investors including corporate and public pension fund
Pension fund
A pension fund is any plan, fund, or scheme which provides retirement income.Pension funds are important shareholders of listed and private companies. They are especially important to the stock market where large institutional investors dominate. The largest 300 pension funds collectively hold...
s, university and college endowment
Financial endowment
A financial endowment is a transfer of money or property donated to an institution. The total value of an institution's investments is often referred to as the institution's endowment and is typically organized as a public charity, private foundation, or trust....
s, foundations and fund of funds
Fund of funds
A "fund of funds" is an investment strategy of holding a portfolio of other investment funds rather than investing directly in shares, bonds or other securities. This type of investing is often referred to as multi-manager investment...
. One of the firm's co-founders, Alan Patricof
Alan Patricof
Alan Patricof is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners , which is today one of the largest private equity firms globally.-Career:Over the course of his 40-year career in...
, was an early investor in Apple Computer
Apple Computer
Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad...
and America Online (AOL).
History
Apax Partners Worldwide is the product of the combination of three firms:- Patricof & Co., founded in 1969 in New York by pioneering venture capitalist Alan PatricofAlan PatricofAlan Patricof is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners , which is today one of the largest private equity firms globally.-Career:Over the course of his 40-year career in...
; - Multinational Management Group (MMG), founded in 1972 by Sir Ronald Cohen and Maurice Tchénio;
- Saunders Karp & Megrue, founded in 1988 by Thomas A. Saunders III and Allan W. Karp and joined by John Megrue in 1992.
Patricof & Co. and MMG
In 1969, Alan PatricofAlan Patricof
Alan Patricof is an American investor and one of the early pioneers of the venture capital and private equity industries. Patricof founded Apax Partners , which is today one of the largest private equity firms globally.-Career:Over the course of his 40-year career in...
founded Patricof & Co. a firm dedicated to making investments in "development capital" later known as "venture capital," primarily in small early-stage companies. Patricof, one of the early venture capitalists, was involved in the development of numerous major companies including America Online, Office Depot
Office Depot
Office Depot is a supplier of office products and provides many services. The company's selection of brand name office supplies includes business machines, computers, computer software and office furniture, while its business services encompass copying, printing, document reproduction, shipping,...
, Cadence Design Systems
Cadence Design Systems
Cadence Design Systems, Inc is an electronic design automation software and engineering services company, founded in 1988 by the merger of SDA Systems and ECAD, Inc...
, Apple Computer
Apple Computer
Apple Inc. is an American multinational corporation that designs and markets consumer electronics, computer software, and personal computers. The company's best-known hardware products include the Macintosh line of computers, the iPod, the iPhone and the iPad...
and FORE Systems
FORE Systems
FORE Systems was a computer network switching equipment company based in Pittsburgh, Pennsylvania. The company is now part of Ericsson.-History:...
. In 1975, Patricof launched 53rd Street Ventures, a $10 million vehicle.
Meanwhile, in 1972, Sir Ronald Cohen and Maurice Tchénio, along with two other partners, founded Multinational Management Group (MMG) with offices in London, Paris, and Chicago. MMG initially was established as an advisory firm, working with small emerging companies, rather than an investment firm. However, MMG initially struggled to gain traction amid the negative economic conditions, particularly in the UK in the mid-1970s.
By 1977, two of the original four founding partners had left MMG, leaving Cohen and Tchénio in need of a partner to help rejuvenate their firm. In that year, Cohen approached Alan Patricof to join them and run the new firm's investments in the U.S. The new firm would be known as Alan Patricof Associates (APA) and ultimately come to be known as Apax Partners (based on a play on Patricof's name: Alan Patricof Associates Cross (x) Border). Following the merger, MMG abandoned its advising business, and the new APA shifted its focus exclusively to investing in start-up
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
companies.
Apax in the 1980s, 1990s and the 21st century
Throughout the 1980s, the firm grew steadily raising capital under a series of separate funds. As the 1980s progressed, the firm introduced its first later stage venture fund in 1984, its first growth capitalGrowth capital
Growth capital is a type of private equity investment, most often a minority investment, in relatively mature companies that are looking for capital to expand or restructure operations, enter new markets or finance a significant acquisition without a change of control of the business.Companies...
fund in 1987 and its first dedicated European leveraged buyout
Leveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
fund MMG Patricof European Buy-In Fund in 1989. In response to the changing conditions, in the venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
industry in the 1980s Apax (and other early venture capital firms including Warburg Pincus
Warburg Pincus
Warburg Pincus, LLC is an American private equity firm with offices in the United States, Europe, Brazil and Asia. It has been a private equity investor since 1966...
and J.H. Whitney & Company
J.H. Whitney & Company
J.H. Whitney & Company is a venture capital firm in the U.S., founded in 1946 by John Hay Whitney and his partner Benno Schmidt. Today the firm focuses primarily on leveraged buyouts, turnarounds, acquisitions, and recapitalizations of more mature companies particularly those it considers to be in...
) began to transition away from venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
toward leveraged buyouts and growth capital investments, which were in vogue in that decade. This trend was more prevalent in Europe than the U.S. where Patricof preferred to continue focusing on venture investments.
In 1991, Apax Partners became the official name for all of its European operations 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.
In 2000, Patricof & Co. adopted the Apax Partners branding and formalized its affiliation with its European business. The U.S. business would operate as Apax Partners, Inc. The following year, Patricof stepped back from day-to-day management of Apax Partners, Inc., the US arm of the firm to return to his original focus on making venture capital investments in small early-stage companies. In 2006, Patricof left Apax to form Greycroft Partners
Greycroft Partners
Greycroft Partners is a venture capital firm focused on investments in early stage companies primarily in the digital media sector. The firm raised its first fund with $75 million of investor commitments and has deployed that fund into 34 companies....
which focuses on small early-stage venture capital investments.
Despite the closer relations between the U.S. and European teams, the firm still operated separate fund entities for each geography. The European side of the business began to pull away in terms of capital commitments, raising more than $5 billion for its 2004 vintage European fund but just $1 billion for its 2006 U.S. vintage fund.
As of June 2011 Israel consumer action groups are calling for a consumer ban of TNUVA an APAX held firm in Israel.
On September 25 2011 Israeli media reported :
Antitrust Authority opens Tnuva probe
Chairwoman Zehavit Cohen and CEO Arik Schor will be questioned today on suspicion of concealing information
Saunders Karp & Megrue
In 2005, Apax announced it would acquire middle market leveraged buyoutLeveraged buyout
A leveraged buyout occurs when an investor, typically financial sponsor, acquires a controlling interest in a company's equity and where a significant percentage of the purchase price is financed through leverage...
firm Saunders Karp & Megrue to augment its buyout business in the United States Saunders Karp, formerly based in Stamford, Connecticut
Stamford, Connecticut
Stamford is a city in Fairfield County, Connecticut, United States. According to the 2010 census, the population of the city is 122,643, making it the fourth largest city in the state and the eighth largest city in New England...
, was founded in 1989 by Thomas A. Saunders III and Allan W. Karp. John Megrue, who today heads Apax's operations in the U.S., had worked as a principal at Patricof & Co. before joining Saunders Karp in 1992. Saunders Karp had received capital commitments from institutional investors including AT&T
AT&T
AT&T Inc. is an American multinational telecommunications corporation headquartered in Whitacre Tower, Dallas, Texas, United States. It is the largest provider of mobile telephony and fixed telephony in the United States, and is also a provider of broadband and subscription television services...
, the General Electric Pension Trust
General Electric
General Electric Company , or GE, is an American multinational conglomerate corporation incorporated in Schenectady, New York and headquartered in Fairfield, Connecticut, United States...
, Goldman Sachs Private Equity Group
Goldman Sachs
The Goldman Sachs Group, Inc. is an American multinational bulge bracket investment banking and securities firm that engages in global investment banking, securities, investment management, and other financial services primarily with institutional clients...
, HarbourVest Partners
HarbourVest Partners
HarbourVest Partners is a private equity fund of funds and one of the largest private equity investment managers globally. The firm invests in all types of private equity funds, including venture capital and leveraged buyout funds, and also directly in operating companies...
, JP Morgan Fleming Asset Management, New York State Common Retirement Fund and Verizon, among others.
Investments
Pre-2000- In 1998, Apax invested in Neurodynamics Limited, which was the parent of Autonomy CorporationAutonomy CorporationAutonomy is a multinational enterprise software company with joint headquarters in Cambridge, United Kingdom, and San Francisco, USA and a subsidiary of Hewlett-Packard. The company uses a combination of technologies born out of research at the University of Cambridge...
. Apax's investment in Autonomy created one of the largest returns in European Venture Capital history with the conversion of around a $3M investment into $900M.
2001
- British Telecom restructured, and agreed to sell the Yell GroupYell GroupYell Group plc is a multinational directories company headquartered in Reading, United Kingdom. As well as the United Kingdom, it has operations in the United States, Spain and some countries in Latin America...
Yellow pagesYellow PagesYellow Pages refers to a telephone directory of businesses, organized by category, rather than alphabetically by business name and in which advertising is sold. As the name suggests, such directories were originally printed on yellow paper, as opposed to white pages for non-commercial listings...
directory business to Apax and Lion Capital LLPLion Capital LLPLion Capital LLP is a British private equity firm, primarily focusing on leveraged buyout investments in Europe. The firm specializes on investments in the consumer sector...
for £2.14 billion/$3.5 billion, making it then the largest non-corporate LBO in European history. Yell bought US directories publisher McLeodUSA for about $600 million the following year, and floated on London's FTSEFTSEFTSE may refer to:* The FTSE Group* Stock market indices published by the FTSE Group, particularly the FTSE 100 Index on the London Stock Exchange* The Fundamental theorem of software engineering...
in 2003.
2004
- Apax purchased PCM UitgeversPCM UitgeversPCM Uitgevers was a Dutch publishing company. Until 2007 Apax Partners held a controlling stake in the company. In December 2009, it merged with De Persgroep to become De Persgroep Nederland...
.
2005
- 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'sSpainSpain , officially the Kingdom of Spain languages]] under the European Charter for Regional or Minority Languages. In each of these, Spain's official name is as follows:;;;;;;), is a country and member state of the European Union located in southwestern Europe on the Iberian Peninsula...
largest food companies and its largest bakery company. - As part of the Violet Acquisitions consortium (along with Barclays CapitalBarclays CapitalBarclays Capital is a global British investment bank. It is the investment banking division of Barclays plc which has a balance sheet of over £1.2 trillion . Barclays Capital provides financing and risk management services to large companies, institutions and government clients. It is a primary...
and Robert TchenguizRobert TchenguizRobert Tchenguiz, born 9 September 1960, and his older brother, Vincent Tchenguiz, are British businessmen.Vincent Tchenguiz, a British entrepreneur born in October 1956, is a native of Tehran. He hails from an Iraqi-Jewish background. His family left Iraq in 1948 and settled in Iran...
) Apax is involved in the December 2005 purchase of SomerfieldSomerfieldSomerfield was a chain of small to medium sized supermarkets operating in the United Kingdom. The company was taken over by the Co-operative Group on 2 March 2009 in a £1.57 billion deal, creating the UK's fifth largest food retailer. The name is currently being phased out and replaced by the...
, the UK's fifth largest supermarket chain (with around 700 stores). Somerfield was later sold to The Co-operative GroupThe Co-operative GroupThe Co-operative Group Ltd. is a United Kingdom consumer cooperative with a diverse range of business interests. It is co-operatively run and owned by its members. It is the largest organisation of this type in the world, with over 5.5 million members, who all have a say in how the business is...
in March 2009.
2006
- Apax purchased the Tommy Hilfiger CorporationTommy Hilfiger CorporationTommy Hilfiger Corporation is an American company which is incorporated in Hong Kong.In 1989, a Hong Kong businessman Silas Chou acquired Tommy Hilfiger Corporation via Sportswear Holdings Limited, along with his partner Lawrence Stroll. Chou served as Chairman and then Co-Chairman from 1989 to...
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. - In June 2006, Apax acquired HIT EntertainmentHIT EntertainmentHit Entertainment is a British-American entertainment distribution company established in 1989, and originally the international distribution arm of Jim Henson Productions called Henson International Television...
in a take-private transaction in June 2006. - Apax acquired a majority stake in Pictage, Inc. the leading provider of online solutions for professional wedding and portrait photographers. Pictage, Inc. was co-founded by Gary FongGary FongGary Fong is an American entrepreneur and former wedding photographer. After twenty years, Fong ended his photography career in 2002 to pursue business interests such as marketing photography products, luxury vacation rentals, yacht chartering, plastics manufacturing, a distribution and...
. - On August 21, 2006, it was announced that Apax Partners and Bain CapitalBain CapitalBain Capital LLC is a Boston-based private equity firm founded in 1984 by partners from the consulting firm Bain & Company. Originally conceived as an early-stage, growth-oriented investment fund, Bain Capital today manages approximately $65 billion in assets, and its strategies include private...
had joined the enlarged private equity consortium headed by KKRKohlberg Kravis Roberts & Co.KKR & Co. L.P. is an American-based global private equity firm, specializing in leveraged buyouts, based in New York. The firm sponsors and manages private equity investment funds. Since its inception, the firm has completed over $400 billion of private equity transactions and was a pioneer in...
that has agreed to acquire an 80.1% stake in the Semiconductor Division of Royal Philips ElectronicsPhilipsKoninklijke Philips Electronics N.V. , more commonly known as Philips, is a multinational Dutch electronics company....
. The new company is called NXP Semiconductors. - On October 31, 2006, it was announced that Apax Partners had acquired FTMSC (France TelecomFrance TélécomFrance Telecom S.A. is the main telecommunications company in France, the third-largest in Europe and one of the largest in the world. It currently employs about 180,000 people and has 192.7 million customers worldwide . In 2010 the group had revenue of €45.5 billion...
Mobile Satellite Communications) which would later be rebranded under the VizadaVizadaVizada is a worldwide satellite communications provider. Vizada operates land earth stations that connect satellite communications to terrestrial networks. Vizada provides both mobile and fixed satellite telecommunications to a variety of technical industries in the maritime, land based and aero...
name in June 2007. This was shortly followed by an announcement on September 6, 2007 explaining that Apax Partners had acquired TelenorTelenorTelenor Group is the incumbent telecommunications company in Norway, with headquarters located at Fornebu, close to Oslo. Today, Telenor Group is mostly an international wireless carrier with operations in Scandinavia, Eastern Europe and Asia, working predominantly under the Telenor brand...
Satellite Services which was to be merged into the Vizada brand. - On November 20, 2006, Apax Partners Worldwide LLP won a tender to buy control of TnuvaTnuvaTnuva, or Tenuvah, is a cooperative in Israel specializing in milk and dairy products. The 620 members of the cooperative are made up a large number of kibbutzim and moshavim in Israel...
. The bid values the privately held food and dairy group at $1.025 billion.
2007
- 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 OMERSOMERSOMERS, officially the Ontario Municipal Employees Retirement System, is a pension fund created by statute in 1962 to handle the retirement benefits of local government employees in the province of Ontario, Canada. It has become one of the largest institutional investors in Canada. About 70% of...
, and Apax acquired Nelson Canada, for a combined total value of approximately $7.75 billion 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 LearningCengage LearningCengage Learning is a publisher of print and digital information services for the academic, professional and library markets, and delivers customized learning solutions for colleges, universities, professors, students, libraries, government agencies, corporations and professionals around the...
, on 24 July 2007. - Apax abandoned PCM Uitgevers.
2008
- In August 2008, Apax Partners completed acquisition of TriZetto Group.
2009
- In August 2009, Apax Partners completed acquisition of BankrateBankrateBankrate, Inc. is a consumer financial services company based in North Palm Beach, Florida, in the United States. Bankrate.com, perhaps its best known brand, is a personal finance website.-History:...
.
2010
- In April 2010, Apax Partners announced acquisition of Tivit.
External links
- Apax Partners (company website)
- "How I rode the rising wave of private equity." The Sunday Times, November 4, 2007
See Also
- Martin Halusa
- Scott MeadScott MeadScott Mead is a photographer, financier and philanthropist. He is co-founder of Richmond Park Partners, a private merchant bank in London. He was formerly a partner and managing director of Goldman Sachs ....
- John Megrue