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APAX Apax Global Alpha Limited

154.40
4.60 (3.07%)
26 Jul 2024 - Closed
Delayed by 15 minutes
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
  4.60 3.07% 154.40 474,268 16:35:21
Bid Price Offer Price High Price Low Price Open Price
152.60 153.40 153.60 150.00 150.20
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty EUR 70.18M EUR 53.48M EUR 0.1089 14.09 735.67M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:21 UT 163,117 154.40 GBX

Apax Global Alpha (APAX) Latest News (1)

Apax Global Alpha (APAX) Discussions and Chat

Apax Global Alpha Forums and Chat

Date Time Title Posts
26/7/202414:20::::: APAX GLOBAL ALPHA LTD :::::310

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Apax Global Alpha (APAX) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-07-26 15:35:21154.40163,117251,852.65UT
2024-07-26 15:29:38153.408951,372.93AT
2024-07-26 15:29:38153.40538825.29AT
2024-07-26 15:29:38153.408951,372.93AT
2024-07-26 15:29:27153.401,5912,440.59AT

Apax Global Alpha (APAX) Top Chat Posts

Top Posts
Posted at 26/7/2024 09:20 by Apax Global Alpha Daily Update
Apax Global Alpha Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker APAX. The last closing price for Apax Global Alpha was 149.80p.
Apax Global Alpha currently has 491,100,768 shares in issue. The market capitalisation of Apax Global Alpha is £753,348,578.
Apax Global Alpha has a price to earnings ratio (PE ratio) of 14.09.
This morning APAX shares opened at 150.20p
Posted at 26/6/2024 09:57 by speedsgh
~ "Excess Cash Flow" to be used for share buybacks until discount narrows to 5% (currently c.27%)
~ Share Buyback Programme to commence immediately with seed capital of EUR30m
~ New dividend policy with annnual dividend set at 11p paid semi-annually (previous policy was to pay 5% of NAV p.a.)

Update on Capital Allocation -

Commencement of Share Buyback Programme -
Posted at 26/6/2024 09:52 by its the oxman
Hopefully buyback will help lift the price. Get it done before labour add tax to it as well.
Posted at 07/5/2024 11:44 by makinbuks
every little helps, and I think the 23% uplift is more significant than the 1p it represents. The question is can you apply such a % uplift across the portfolio? This is a sale to KKR Asia, so its a more specialist fund within the PE family. Better than an internal sale to other Apax funds, but not as strong as a trade sale or IPO in terms of market pricing.

Any realisation is to be welcomed while we continue to trade at such a discount
Posted at 07/5/2024 10:20 by speedsgh
Profitable exit from Healthium investment which adds [wait for it...] c.£0.01 to Adjusted NAV at 31/3/2024. Not exactly an excuse for cracking open the champagne but every little helps I suppose.

Apax IX agrees to sell Healthium -
Posted at 02/5/2024 10:20 by speedsgh
NAV per share down 16% in both EUR/GBP since its peak in Q3/Q4 2021.

Share price down approx. 37% over same time period.

Has moved from low single digit discount to the current 34% discount.

Opportunity for the patient who are happy to wait for the NAV to return to growth & discount to narrow? To be fair you could probably buy the sector at present and make a decent return over the medium term.
Posted at 02/5/2024 10:03 by speedsgh
~ Q1 adjusted NAV per share EUR 2.54; -3.1% (GBP 2.17; -4.4%)
~ Total NAV return -0.5% (-1.9% constant currency)
* Total return private equity -1.7% (-3.2% constant currency)
* Total return debt investments +3.5% (+1.8% constant currency)
* Total return derived equity +13.6% (+11.8% constant currency)

Quarterly Results to 31 March 2024 -

Ralf Gruss, Partner at Apax and a member of the AGA investment committee, said:
"While Q1 performance was negatively impacted by developments in one of the Private Equity portfolio companies, we believe AGA's overall portfolio remains in good shape, offering solid value growth for shareholders. We are seeing continued momentum with several new private equity investments since the beginning of the year and there is a good pipeline of both new investments and exits. We believe the current share price significantly undervalues the Company's Private Equity holdings."
Posted at 14/1/2024 15:53 by mrscruff
Still very poor relative performance vs peers limiting the downside despite technicals showing "sell". I continue to add. Only a matter of time. APAX will eventually be an retirement income trust due to its dividend being taken from NAV and not share price.
Posted at 16/12/2023 20:25 by nexusltd
@speedsgh From
"(12 Jul 2022) - Matches confirms Nick Beighton as its new CEO,[6] Following this Matches received £60m from Apax[7] to power it's turnaround."

1. Looking through APAX PEIT's December 2022 AR, and the 2023 09 Q3 presentation, Matches is not listed in the top 30 PE investments. The investment quantum in the 30th holding is <1% of reported NAV.
2. APAX PEIT has not released an RNS regarding investment in Matches.

Unless you know any different I can only conclude that the APAX PEIT has an insignificant interest, if any, in Matches.
Posted at 06/12/2023 16:42 by mrscruff
While APEO is a strong buy contender, APAX has the advantage of investing directly in the underlying holdings, which removes a layer of fees.

Additionally, APAX can opt out of fundraising "commitments" if the return is not as good in today's higher rate environment.

As mentioned, the discount on the actual equity is similar because of the credit business. PE credit is in fashion and is making APAX and other PE companies lots of money. It may be a secular shift or trend going forward.

Rest assured APAX is the better buy for 2024, but as usual, the share price in the short term is unpredictable and personal investors have the opportunity to build a position while there is a institutional seller. The selling usually does not last too long in these types of trusts. I add a little every day under 155p. No stamp duty. Buy and hold through 2024, or as a small allocation to a pension, or trade it to recovery, the choice is yours.
Posted at 11/10/2023 10:57 by speedsgh
Apax Funds acquire Bazooka Candy Brands -

Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it has invested approximately €16.6m in Bazooka Candy Brands ("Bazooka") on a look-through basis1.

On 10th October 2023, the Apax XI Fund ("Apax XI"), in which AGA is a limited partner, announced that it had acquired Bazooka, a portfolio of leading non-chocolate confectionary ("NCC") brands, from Michael D. Eisner's Tornante Company and funds affiliated with Madison Dearborn Partners ("MDP").

Bazooka produces, markets, and distributes a range of iconic confectionary brands, including Ring Pop®, Push Pop®, Baby Bottle Pop®, Juicy Drop®, and Bazooka Bubble Gum®. The Company's portfolio spans lollipops, gummies, chewy candy, and gum, packed in highly unique formats to deliver Edible Entertainment® experiences to generations of customers since 1947. Within the US, Bazooka is a top-10 manufacturer in the NCC category and holds a leading share position in 'front of store sales', a coveted, high margin segment for retailers2. Products are distributed worldwide with c.80% of sales in the US across a broad network of channels, with the remaining c.20% of sales occurring internationally in over 40 countries. Over the past several years, Bazooka's U.S. retail sales growth has significantly outpaced the overall confectionary category, and in the year-to-date period through August 2023, retail sales have grown approximately 29% year-over-year2.


Apax's Internet/Consumer sector team, working in partnership with Bazooka's management team, will look to stand the company up as an independent business and build on the success of Bazooka's global portfolio of beloved confectionery brands. In support of its growth efforts, the team will focus on distribution growth, product innovation, geographic expansion, and the strategic acquisition of brands in complementary categories...
Apax Global Alpha share price data is direct from the London Stock Exchange