Financial & Business Sector
Sector Expertise
Funds advised by Apax Partners seek to back proven managers and entrepreneurs with equity in growth capital, management buy-outs and leveraged recapitalisations in asset management, retail distribution, speciality finance, insurance, transaction processing and payments businesses. We are looking for businesses with high returns on (regulatory) capital, cash conversion and good growth prospects.
The business services industry is a large and fragmented industry. We expect the industry to continue on its growth path and further benefit from the trend for businesses and governments to outsource non-core services. We are especially interested in processing / outsourcing services, technical services, inspection and maintenance services, HR services, facility management services, distribution and logistics services, information services, as well as general support services.
We strive to partner with and support services businesses which are leaders in their relevant markets, and with management teams that have a track record of successfully developing their businesses. We are also seeking opportunities with companies that are willing to scale their operations both through organic and acquisitive means.
News
Apax Partners sells Global Refund to Barclays Private Equity
The shareholders of Global Refund Holdings BV, which include funds advised by Apax Partners, have reached an agreement for the sale of the Company to Barclays Private Equity. The transaction values the Company at more than €360 million.
Acquisition of Hub International completed
Hub International Limited announced today the completion of the plan of arrangement pursuant to which funds advised by Apax Partners together with Morgan Stanley Principal Investments acquired all of Hub’s common shares for $41.50 per share.
Travelex to acquire Ruesch International
Travelex, the world’s largest non-bank provider of international payment services, announced today that it has agreed to acquire Ruesch International from Welsh, Carson, Anderson & Stowe for US$440 million.
Sector Insight
Value added Global Refund, incorporated in The Netherlands, is the world-leader in Value Added Tax (VAT) refund services to travellers, processing approximately 90% of the outsourced global VAT refund market. The company has a presence in more than 37 countries, with over 200 international Cash Refund offices on four continents, supporting clients in Europe, Asia and the Americas.
Value added, Read More >>