Apax Partners
Apax Partners Ltd Private Equity | Tracker Profile
Apax Partners Ltd is a private equity advisory firm with offices in eleven cities including New York, Hong Kong, Mumbai and London. The following profile of Apax Parters is part of our ongoing Private Equity Tracker Tool coverage of the top private equity firms.What is Apax Partners?
From Apax Partners' website: Apax Partners is an independent global private equity advisory firm. Funds advised by Apax Partners (‘Apax Funds’) typically invest in companies with a value of between €1bn and €5bn. The Funds invest in five growth sectors: Tech & Telecom, Retail & Consumer, Media, Healthcare and Financial & Business Services.
Apax Funds commit capital on behalf of a diverse range of investors, which include public and private pension funds, insurance companies, university endowments and other financial institutions. Apax Funds buy both majority and minority stakes in large companies that have strong, established market positions and the potential to expand.
Apax Funds back excellent management teams to create efficient and sustainable businesses that have a strong track record of growing by investing in research and development, exports, sales and employment.
Story #1: Apax Partners Offers to Buy Bankrate
Private equity firm Apax Partners launched a cash tender offer at $28.50 a share Tuesday to acquire all outstanding shares of consumer finance Web site operator Bankrate Inc.
The value of the proposed transaction, which was announced last week, is roughly $570.8 million, excluding transaction fees and expenses, according to the companies.
Upon successful closing of the tender offer, shareholders of Bankrate will receive $28.50 in cash for each share of Bankrate common stock tendered in the offer, without interest and less any applicable withholding taxes. Following that, there will be a merger to acquire all remaining outstanding Bankrate shares at the same price paid in the tender offer. Read More...
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