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APAX Apax Global Alpha Limited

142.00
1.00 (0.71%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Apax Global Alpha Investors - APAX

Apax Global Alpha Investors - APAX

Share Name Share Symbol Market Stock Type
Apax Global Alpha Limited APAX London Ordinary Share
  Price Change Price Change % Share Price Last Trade
1.00 0.71% 142.00 16:35:21
Open Price Low Price High Price Close Price Previous Close
142.60 142.00 145.00 142.00 141.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Top Investor Posts

Top Posts
Posted at 02/6/2023 10:00 by speedsgh
Funds advised by Apax invest in Swing Education -

Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €1.7m in Swing Education on a look-through basis1.

On 1 June 2023, the Apax Global Impact Fund ("AGI"), in which AGA is a limited partner, announced an investment in Swing Education, a pioneering online marketplace that connects schools and substitute teachers, as part of a $38m Series C funding round.

AGA's investment is calculated based on the look through position of AGI's overall investment in Swing Education and is translated based on the exchange rate at close2.

Swing Education is an online marketplace that connects substitute teachers with schools. Founded in 2015 by former K-12 educators and administrators, Swing makes it easier for schools to find reliable, qualified substitute teachers when they need them most. With over 300,000 absence days filled to date, Swing is dedicated to improving the experience of schools finding substitute teachers, of candidates entering the substitute teaching field, and of students continuing to learn disruption-free.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of predominantly debt investments ('Derived Investments'). In March 2022, AGA made a commitment of $60m to AGI.
Posted at 10/11/2022 12:01 by makinbuks
Also they held this for 5 years and there is always pressure in the 5 - 7 year period to sell and return cash to investors in that fund, hence the rollover deals we see regularly
Posted at 14/2/2022 08:04 by speedsgh
Apax X invests in Alcumus and Ole Smoky -

The Apax X Fund ("Apax X"), in which AGA is a limited partner, has announced that it has signed a definitive agreement to acquire Alcumus, a global leader in technology-led risk management and compliance solutions. Apax X has also signed a definitive agreement to acquire a controlling stake in Ole Smoky Distillery ("Ole Smoky"), one of the fastest growing spirits companies in the US. Both transactions are expected to close in Q1 2021, subject to customary closing conditions.

On a look through basis, AGA is expected to invest approximately €20m in Alcumus and approximately €10m in Ole Smoky, depending on final closing arrangements.

Note that these figures relate to AGA's look through position of Apax X's overall investments in Alcumus and Ole Smoky and are stated before taking into account any closing adjustments, fees, costs, and carried interest, and are translated based on today's exchange rates where applicable1.

Alcumus provides Environment, Health and Safety (EHS) as well as Environmental, Social and Governance (ESG) risk management and compliance software and services. The EHS and ESG services sectors, which the Apax Funds know well having tracked them for several years, are seeing significant growth driven by an increasingly complex regulatory environment and rising EHS and ESG expectations and requirements - tailwinds Alcumus is expected to benefit from. Apax X will leverage the Apax Funds' experience across services and software to partner with the existing management team in capitalising on long-term secular growth and consolidation in the market.

Ole Smoky is a leading distiller of premium American whiskeys that are renowned for their high quality, innovative and award-winning flavors. The investment follows on from previous acquisitions in the consumer-packaged goods sector where the Apax internet/consumer team focuses on opportunities to acquire well-positioned premium brands. In line with this strategy, Apax X identified Ole Smoky as a compelling investment opportunity in the high-growth spirits sector and will look to accelerate the company's growth through continued investment in the core brand and supporting the strategic acquisition of complementary brands.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of debt and equity investments ("Derived Investments"). In July 2019, AGA made a commitment of c.$450m2 to Apax X.
Posted at 27/1/2022 13:23 by speedsgh
Final Results scheduled to be released on 2 March so not too long to wait to hear a more up-to-date NAV to 31/12/21.



259p (EUR 3.02) as at 30/9/21
241p (EUR 2.81) as at 30/6/21
219p (EUR 2.45) as at 31/12/20
196p (EUR 2.16) as at 30/6/20
188p (EUR 2.22) as at 31/12/19
188p (EUR 2.10) as at 30/6/19
170p (EUR 1.90) as at 31/12/18
170p (EUR 1.92) as at 30/6/18
165p (EUR 1.86) as at 31/12/17
162p (EUR 1.85) as at 30/6/17
163p (EUR 1.91) as at 31/12/16
152p (EUR 1.82) as at 30/6/16
138p (EUR 1.88) as at 31/12/15
127p (EUR 1.79) as at 30/6/15
129p (EUR 1.66) as at 31/12/14
Posted at 20/5/2021 09:19 by jmh4
Very disappointing! Management seem to be giving the company away at the expense of current shareholders. I wonder what some of the larger investors will have to say about it?
Posted at 19/3/2021 09:27 by theprovosts
Seems like a decent buy for sure. If private investors cant get into IPO's why not let someone else do it for you. Barriers for entry pretty high. Will buy more on any weakness, into the bottom drawer. Thanks
Posted at 26/1/2021 13:31 by speedsgh
Funds Advised by Apax acquire PIB Group -

On 25 January 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had entered into a definitive agreement to acquire the PIB Group ("PIB"), a leading independent specialist insurance intermediary. The transaction is expected to close in the first half of the year.

On a look through basis, AGA is expected to invest approximately €20m in the company.

Note that these figures relate to AGA's look through position of Apax X's overall investment in PIB and are stated before taking into account any closing adjustments and are translated into Euro based on today's exchange rates where applicable.1

Launched in 2015, PIB is a highly diversified insurance distribution consolidator focusing on specialist commercial lines and non-standard personal lines products with deep expertise across both direct and B2B distribution through its broking, underwriting and network divisions. PIB Group income has risen from nil to approximately £175m on a pro-forma basis in 2020 in five years. The company employs over 2000 employees in the UK, Channel Islands, Ireland, Germany, Poland and India.

The acquisition by Apax X will help PIB continue its impressive growth trajectory, both organically and through accelerating strategic M&A to continue its domestic and international expansion. The Apax Funds have significant experience investing in the insurance sector and helping companies consolidate large, fragmented markets, including Assured Partners, Genex and Hub International, which were successfully exited in 2019, 2018 and 2013 respectively.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax Partners as well as a focused portfolio of debt and equity investments ("Derived Investments"). In July 2019, AGA made a commitment of c.$450m2 to Apax X.
Posted at 29/12/2020 13:59 by speedsgh
Funds Advised by Apax Partners sell Boats Group -

The Apax IX Fund ("Apax IX"), in which AGA is a limited partner, has announced that it has agreed to sell its stake in Boats Group, a leading online marketplace and provider of software solutions for the recreational marine industry, to Funds advised by Permira. Apax IX has also agreed to sell a minority stake in ThoughtWorks, a global software consultancy, to a group of investors. Both transactions are expected to close by the end of Q1 2021, subject to customary closing conditions.

The full exit from Apax IX's investment in Boats Group is expected to deliver a total Gross MOIC of approximately 4.2x and a Gross IRR of approximately 41%.

Both the Boats Group and ThoughtWorks transactions were agreed at uplifts to their last Unaffected Valuations1, and together they represent an average uplift of c.30% to last Unaffected Valuations and an uplift of c.€29m (c.€0.06 per share) in the Adjusted Net Asset Value ("Adjusted NAV") of AGA at 30 September 20202.

Note that these figures relate to AGA's look through position of Apax IX's overall investments in Boats Group and ThoughtWorks and are stated before taking into account any closing adjustments, fees, costs, and carried interest, and are translated based on today's exchange rates where applicable3.


Funds Advised by Apax invest in Azentio Software -

On 28th December 2020, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had entered into a definitive agreement to acquire the Software Products business from 3i Infotech, a global information technology company. The transaction is expected to close in early 2021, subject to shareholder and regulatory approvals.

On a look through basis, AGA is expected to invest approximately €5.4m in the newly formed company, which will be named Azentio Software.

Note that these figures relate to AGA's look through position of Apax X's overall investment in Azentio Software and are stated before taking into account any closing adjustments and are translated into Euro based on today's exchange rates where applicable.1

Since its incorporation in 1993, 3i Infotech has been providing a range of IT services and software products to 1,200+ customers across multiple industry verticals in over 50 countries. The company operates through two business segments: Services and Software Products. The Software Products business comprises a comprehensive set of core software products for customers in banking, financial services and insurance verticals ("BFSI") and includes key products such as Kastle™ (universal banking platform), AMLOCK™ (compliance software suite), Premia™ Astra (core insurance software), Orion™ (enterprise resource planning software) and MFund™ Plus (asset management platform).

Having closely followed the company's progress, Apax X identified an opportunity to carve out the software business from 3i Infotech to create a leading BFSI software provider in the region. Following the transaction, Apax X will support the newly formed Azentio Software with increased investments in R&D and sales and marketing. Azentio Software will focus on modernising its current product portfolio, launching new products and providing best in class service levels to all customers. The Apax Funds will also use Azentio as a platform to do M&A across the BFSI software space in the region.
Posted at 25/6/2020 14:03 by gre
Excellent presentation by the company in their online "Investor Update" at lunchtime today. It gave a very good insight into the way the company operates and how it is coping with the Covid 19 crisis.

Slides from the presentation have now uploaded onto their website:

www.apaxglobalalpha.com/media/2157/aga-2020-combined.pdf
Posted at 22/5/2019 07:08 by jonwig
There's an Investor Day today, with a webcast and presentation pdf here:



Ithink the presentation has been up for a while.

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