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Share Name Share Symbol Market Type Share ISIN Share Description
Apax Global Alpha Limited LSE:APAX London Ordinary Share GG00BWWYMV85 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  1.50 0.67% 227.00 56,664 09:49:21
Bid Price Offer Price High Price Low Price Open Price
226.50 227.00 227.00 225.00 225.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 150.66 144.42 29.38 8.0 1,115
Last Trade Time Trade Type Trade Size Trade Price Currency
10:01:05 O 1 226.95 GBX

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DateSubject
09/12/2021
08:20
Apax Global Alpha Daily Update: Apax Global Alpha Limited is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker APAX. The last closing price for Apax Global Alpha was 225.50p.
Apax Global Alpha Limited has a 4 week average price of 210.50p and a 12 week average price of 210p.
The 1 year high share price is 231.50p while the 1 year low share price is currently 175p.
There are currently 491,100,768 shares in issue and the average daily traded volume is 1,269,214 shares. The market capitalisation of Apax Global Alpha Limited is £1,114,798,743.36.
06/10/2021
06:54
speedsgh: Apax Funds to acquire Eating Recovery Center - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/apax-funds-to-acquire-eating-recovery-center/202110060700071188O/ On 5 October 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed a definitive agreement to acquire a majority ownership stake in Eating Recovery Center ("ERC"), a leading provider of eating disorder and mood and anxiety treatment in the US, in partnership with Oak HC/FT and management. The transaction is expected to close in Q4 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest approximately €23m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in ERC and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable1. ERC is a national leader in eating disorder treatment in the US. The company's differentiated clinical model meets patients where they are in their treatment journey by offering the full continuum of higher levels of care. Through the recent expansion of its Pathlight division, ERC addresses a more comprehensive set of behavioural health conditions including primary mood and anxiety disorder treatment. ERC lowers financial barriers to accessing behavioural care by partnering with most major commercial insurers in the US, so patients can focus their energy on pursuing recovery. Apax X, in partnership with ERC's leadership team, will uphold the company's focus on clinical excellence while expanding access to care physically and digitally. The Apax Funds have a strong track-record investing in 'Healthcare Services', a core Apax Healthcare sub-sector...
16/9/2021
14:45
speedsgh: Private Equity: Discounts ‘too wide’ as Apax, HarbourVest, HgCapital & Dunedin deliver - HTTPS://citywire.co.uk/investment-trust-insider/news/private-equity-discounts-too-wide-as-apax-harbourvest-hgcapital-and-dunedin-deliver/a1555318 A string of positive updates from private equity investment trusts continues to underscore the anomaly of many of their shares trading at steep discounts to the asset value. Apax Global Alpha (APAX), which invests in the private equity funds of Apax Partners, jumped 3.3% today as it announced a 5.9% rise in net asset value (NAV) following this week’s successful flotation of Thoughtworks, a global tech consultant whose shares ‘popped’ 40% on their first day of trading on Nasdaq. The half-hearted market response to news of the 89% uplift in the valuation of its Thoughtworks stake in the Apax IX fund is typical of the £1bn investment company and its sector. Despite a good track record of backing unquoted technology, services, healthcare and consumer businesses, Numis Securities estimates Apax shares trade 14% below NAV, offering an attractive entry point given the 5% dividend yield and 36% total shareholder return they have provided in the past year. ‘Yet again, we think this rams home the conservative valuation of the positions in private equity portfolios and confirms our belief that the discounts on these funds are still too wide,’ said QuotedData analyst James Carthew. Last month, the Guernsey-based, London-listed Apax reported interim results showing a 6.4% gain in the second quarter. Numis analyst Andrew Rees believes the third quarter should be positive, too, given the share price rises in its larger listed holdings such as Duck Creek Tech, Paycor and Global-e, although elderly care provider InnovAge, a 3% position, has been weak, sliding 42% since its Nasdaq debut in March. Over five years, with the semi-annual dividends included, the investment company has delivered 126% to shareholders, way ahead of the FTSE All Share’s meagre 32% and beating the more competitive returns of 86.5% from the MSCI AC World index or the 119% from the US S&P 500...
16/9/2021
14:42
speedsgh: Initial Public Offering of Thoughtworks - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/initial-public-offering-of-thoughtworks/202109160700059324L/ The Apax IX Fund ("Apax IX"), in which AGA is a limited partner, is an indirect shareholder in Thoughtworks, a global technology consultancy that integrates strategy, design and engineering to drive digital innovation. Following Thoughtworks' announcement on the 14 September 2021 of the pricing of its initial public offering of common stock ("IPO"), shares of Thoughtworks started trading on the Nasdaq on the 15 September 2021. The closing price per share of common stock on the 15 September was $29.29 ("Closing Price"). At the Closing Price, and based on latest exchange rates1, AGA's remaining look through position in Thoughtworks is valued at approximately €158m. In addition, AGA's pro-rata share of IPO proceeds to be received by a subsidiary of Apax IX on closing of the IPO is c. €15m. Together with the remaining value, this represents an uplift of c. 89% or c.€82m to Thoughtworks' fair value at 30 June 2021 and an uplift of c.5.9% of AGA's Adjusted NAV (or €0.17 per share) at 30 June 2021. Note that these figures relate to AGA's look through position of Apax IX's overall investment in Thoughtworks and are stated before taking into account any fees, costs, and carried interest...
08/9/2021
13:30
speedsgh: Funds advised by Apax to invest in T-Mobile - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/funds-advised-by-apax-to-invest-in-t-mobile/202109080700060378L/ On 7 September 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed, in consortium with Warburg Pincus LLP ("Warburg Pincus"), a definitive agreement to acquire T-Mobile Netherlands Holding B.V. ("T-Mobile"), a leading European telecommunications operator. The transaction is subject to customary closing conditions, including consultation with employee representatives, and regulatory approvals. On a look through basis, AGA is expected to invest approximately €22m in T-Mobile. Note that this figure relates to AGA's look through position of Apax X's overall investment in T-Mobile and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable[1]. T-Mobile, which operates four brands - T-Mobile, Tele2, Ben, and Simpel - is a leading European telecommunications operator. Under the current management team, the company has become the leading mobile network operator in the Netherlands and the first to offer unlimited and nationwide 5G, as well as becoming the fastest growing operator in the fixed broadband market serving around 700,000 broadband customers at the end of Q2 2021. Funds advised by Apax and Warburg Pincus have long-standing experience and strong track-records in the Communications Services and broader Telecommunication, Media, and Technology ("TMT") sector, having invested in companies globally, including in Salt (Apax), Wind Telecom (Apax), TDC (Apax), Ziggo (Warburg Pincus), Inexio (Warburg Pincus) and Community Fibre (Warburg Pincus). The two firms have also worked closely together since 2019 when their respective funds jointly invested in Inmarsat, a mobility-focused satellite operator focused on maritime, aviation and government end-markets. Under the new ownership, T-Mobile will become an independent Dutch company and Apax and Warburg Pincus will look to partner with the management team to support the company as it continues to focus on innovation and growing its already impressive customer base...
01/9/2021
07:23
speedsgh: Funds advised by Apax to acquire SavATree - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/funds-advised-by-apax-to-acquire-savatree/202109010700062807K/ On 31 August 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed a definitive agreement to acquire a majority ownership stake in SavATree, a leading, professional tree, shrub and lawn care provider. The transaction is expected to close in Q4 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest approximately €23m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in SavATree and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable1. SavATree was founded in 1978 and is headquartered in Bedford Hills, New York. SavATree is committed to an environmentally sensible approach to tree, shrub and lawn care services and has been caring for residential, commercial and government properties for over 40 years. The company services customers in 27 states through 58 locations. Apax X, in partnership with SavATree's leadership team, will strive to accelerate the company's already impressive growth trajectory both organically and through strategic M&A, while continuing to deliver the highest level of customer care and service.
04/8/2021
13:25
speedsgh: Apax Funds create integrated social good software platform - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/apax-funds-create-social-good-software-platform/202108040700034758H/ The Apax X Fund ("Apax X"), in which AGA is a limited partner, has announced that, following its investment in CyberGrants in June, it has signed a definitive agreement to acquire majority stakes in EveryAction, an omni-channel engagement platform for non-profits, and Social Solutions, a case management software provider of data-driven insights to non-profit and public sector customers. Both transactions are expected to close in Q3 2021, subject to customary closing conditions. Upon completion, Apax X intends to combine these two companies with CyberGrants to create a new leading provider of next-generation Software-as-a-Service ("Saas") solutions to the social good ecosystem. The combined company will have an enterprise value of $2bn and annual revenue of over $200m, making it the largest M&A transaction in the history of the social good software sector and the second largest and fastest-growing social good software company in the sector globally. On a look through basis, AGA is expected to invest c. €23m in the combined company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in the combined company and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable[1]. The combined company brings together EveryAction's omni-channel engagement platform for non-profits, used to optimise stakeholder interactions, raise more money, and build more support, with Social Solutions' case management software that provides actionable, data-driven insights in order to help non-profit and public sector customers better coordinate the delivery of essential services, measure impact, and improve outcomes for those in need, as well as CyberGrants' solutions for corporate social responsibility, employee engagement, and volunteer management that maximises the impact of corporate philanthropy. The combination will allow the three companies to scale their unique offerings and improve their support for non-profit organisations. Together, their differentiated, end-to-end solutions will collectively support a unique network of 650,000 non-profit organizations, many of the most respected companies and foundations in the world including half of the Fortune 500, and over 38m donors and volunteers...
16/6/2021
06:24
speedsgh: Apax Funds invest in CyberGrants - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/apax-funds-invest-in-cybergrants/202106160700050136C/ The Apax X Fund ("Apax X"), in which AGA is a limited partner, has announced that it has signed a definitive agreement to acquire a majority ownership stake in CyberGrants ("the Company"), a leading provider of Software-as-a-Service (SaaS) solutions for corporate social responsibility (CSR), employee engagement, and volunteer management. The transaction is expected to close in Q3 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest up to $13.9m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in CyberGrants and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable1. CyberGrants delivers market-leading CSR software solutions to some of the most respected companies and foundations in the world, helping them quickly activate their charitable causes to realise strategic, measurable outcomes. Its single platform solution enables customers, including more than half of the Fortune 100 companies, to easily scale their CSR programmes and quickly transform grants and giving initiatives into impact that closely aligns with their corporate mission and values. CyberGrants' network connects 10 million employees and their employers with 650,000 not-for-profit organisations. Since its inception, Apax has been committed to creating a positive impact on the people and communities in which it operates. In 2006, the firm established the Apax Foundation to focus on grants and employee donations to enable social mobility in underserved communities. This experience, coupled with the Apax Tech team's deep expertise in enterprise software, makes CyberGrants a unique platform investment for the firm. Apax X will look to support CyberGrants as it continues to enhance its product suite, attract new customers, and pursue a broader impact-oriented growth strategy...
14/6/2021
11:45
speedsgh: Funds advised by Apax to acquire Infogain - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/funds-advised-by-apax-to-acquire-infogain/202106140700067134B/ On 11 June 2021, the Apax X Fund ("Apax X"), in which AGA is a limited partner, announced that it had signed a definitive agreement to acquire a majority ownership stake in Infogain ("the Company"), a Silicon Valley-based leader in digital platforms and software engineering services. The transaction is expected to close in Q3 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest up to €22.1m in the company, depending on final closing arrangements. Note that this figure relates to AGA's look through position of Apax X's overall investment in Infogain and is stated before taking into account any closing adjustments and translated based on the latest exchange rates available where applicable[1]. Founded in 1990 and headquartered in Los Gatos, California, Infogain provides human-centered digital platform engineering services to its customers. With c. 5,000 employees globally, Infogain serves companies, including Fortune 500 customers, in the travel, healthcare, retail/Consumer Packaged Goods, insurance, and tech industries, supporting them in their artificial intelligence, experience design and cloud journey using advanced software technologies. Drawing on the Apax Tech team's significant experience in the Tech-Enabled Services sub-sector, with 15 deals over the last 10 years, Apax X, in partnership with Infogain's management team, will look to continue and accelerate Infogain's journey as a market leading digital transformation partner to its customers. Infogain has built a strong platform for growth with an impressive global customer base, and the Apax Funds will look to support the company's continued focus on innovation, service excellence and customer impact...
27/5/2021
14:55
speedsgh: Proposed commitment to Apax Digital Fund II (27/5/21) - HTTPS://www.investegate.co.uk/apax-global-alpha-ld--apax-/rns/proposed-commitment-to-apax-digital-fund-ii/202105270700029471Z/ AGA announces that the Board intends to commit USD $90 million to the Apax Digital Fund II ("ADF II"). This is in accordance with the Company's investment policy to invest in new private equity funds advised by Apax. This commitment remains conditional on, inter alia, the approval and execution of the relevant legal documentation. ADF II will aim to continue the Apax Digital Fund's strategy of investing in a balanced portfolio of minority equity and growth buyout opportunities in mid-market technology companies globally, leveraging Apax's longstanding focus on the technology sector and global footprint.
29/12/2020
13:59
speedsgh: Funds Advised by Apax Partners sell Boats Group - HTTPS://www.londonstockexchange.com/news-article/APAX/funds-advised-by-apax-partners-sell-boats-group/14806747 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 - HTTPS://www.londonstockexchange.com/news-article/APAX/funds-advised-by-apax-invest-in-azentio-software/14806745 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.
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