Apax news

1 May 2013

Paradigm Names Arshad Matin as New President, CEO and Board Member

Paradigm Names Arshad Matin as New President, CEO and Board Member.  New leadership follows Apax Partners acquisition in 2012.

4 February 2013

Apax completes acquisiton of Cole Haan

Funds advised by Apax Partners, a global private equity firm, today announced that they have completed the previously announced acquisition of Cole Haan LLC, a leading designer and retailer of premium footwear and related accessories, from NIKE, Inc.

22 December 2012

Apax Funds reach agreement to sell LR Health & Beauty Systems

Funds advised by Apax Partners ('Apax Funds') have reached an agreement to sell LR Health & Beauty Systems ('LR') to a consortium. The consortium consists of private equity firms Bregal Capital and Quadriga Capital. LR is a strongly growing company, which markets cosmetics, personal hygiene products, dietary supplements, perfumes and jewellery through the direct sales channel.

16 November 2012

Apax agrees to acquire Cole Haan

Funds advised by Apax Partners today announced that they have entered into a definitive agreement to acquire Cole Haan LLC, a leading designer and retailer of premium footwear and related accessories, from NIKE, Inc. for $570 million in cash.  The transaction is expected to close in early 2013.

7 September 2012

Garda announces agreement to be acquired by company Founder and CEO Stephan Cretier and Apax Funds

Garda World Security Corp. has entered into a definitive agreement pursuant to which a consortium formed by Garda Founder and CEO Stephan Cretier and Apax Funds have agreed to acquire Garda for C$1.1 billion.

11 June 2012

Apax-led Consortium Agrees to Acquire Paradigm Ltd.

Funds advised by Apax Partners and JMI Equity have today announced an agreement to acquire Paradigm Ltd., the largest independent software vendor focused on the growing oil and gas exploration & production space, for approximately $1 billion in an all-cash transaction.

6 June 2012

Apax Funds to Sell Plex Systems, Inc. to Francisco Partners

Funds advised by Apax Partners today announced a definitive agreement to sell Plex Systems, Inc. a pioneer in cloud-based ERP software for manufacturers, to Francisco Partners.

23 December 2011

Funds advised by Apax Partners to acquire Orange Switzerland

Funds advised by Apax Partners today announced that they have entered an agreement to purchase 100 per cent of mobile phone operator Orange Switzerland from France Telecom Orange for approximately CHF2 billion (€1.6 billion).

4 November 2011

Apax Partners, CPPIB and PSP Investments complete acquisition of Kinetic Concepts, Inc.

Apax Partners, together with controlled affiliates of CPPI and PSP Investments, today announced the completion of its acquisition of Kinetic Concepts, Inc.

28 October 2011

KCI shareholders approve acquisition by Apax Partners, CPPIB and PSP Investments

Apax Partners, together with controlled affiliates of CPPI and PSP Investments, today announced that shareholders of Kinetic Concepts, Inc. have approved the consortium's acquisition of KCI.

24 October 2011

Mattel announces acquisition of HIT Entertainment

Mattel, Inc. (NASDAQ:MAT) announced today that it has entered into an agreement to acquire HIT Entertainment for $680 million in cash from a consortium led by Apax Partners funds.

26 July 2011

Funds advised by Apax Partners acquire Golden Jaguar in China

Subsidiaries of Funds advised by Apax Partners today announced that they have completed the acquisition of Golden Jaguar restaurant chain in the People's Republic of China.

13 July 2011

Apax Partners, CPPIB and PSP Investments to acquire Kinetic Concepts

A consortium comprised of funds advised by Apax Partners, together with controlled affiliates of CPPIB and the PSP, today announced a definitive agreement to acquire Kinetic Concepts.

5 July 2011

Travelex sells Global Business Payments

Travelex, the world's leading foreign exchange specialist, which is backed by Apax Funds, has announced the sale of Travelex Global Business Payments ("TGBP"), the business payments operations division to Western Union, a leader in global business payments, for a total cash consideration of £606m. The transaction is expected to complete by the end of 2011.

22 June 2011

Bankrate IPO

Apax Partners ("Apax") has announced the successful IPO of Bankrate ("the Company"), an online personal finance portal, marking the start of the next phase of the growth strategy for the business. Following the completion of the IPO, Apax Funds remain the majority shareholder with approximately 70% ownership of Bankrate's common stock.

4 April 2011

Apax Partners to Acquire Epicor Software Corporation and Activant Solutions, Inc.

Funds advised by Apax Partners today announced that they have entered into definitive agreements to acquire Epicor Software Corporation.

25 March 2011

Apax Partners to Acquire Trader Corporation's Auto Assets

Funds advised by Apax Partners today announced they have entered a definitive agreement to purchase Trader Corporation ("Trader") from Yellow Media Inc.

17 January 2011

Funds advised by Apax Partners to invest in iGATE, and iGATE to acquire a controlling stake in Patni Co.

Funds advised by Apax Partners to invest in iGATE, and iGATE to acquire a controlling stake in Patni Co.

25 November 2010

Apax Funds to Acquire Majority Interest in Advantage Sales and Marketing LLC

Funds advised by Apax Partners, one of the world's leading private equity investment groups, today announced they have agreed to acquire a majority interest in Advantage Sales & Marketing LLC (ASM), North America's premier sales and marketing agency, from J.W. Childs Associates, L.P. and BAML Capital Partners (Merrill Lynch Global Private Equity). 

15 November 2010

Apax Funds agree to sell stake in IFCO Systems to Brambles

Funds advised by Apax Partners today announce they have agreed to sell their majority stake in IFCO Systems N.V. to the Australian logistics company Brambles Limited for €13.50 per share.

3 November 2010

Apax Funds announce closing of acquisition of stake in Psagot Investment House Ltd

Funds advised by Apax Partners today announced the completion of the purchase of a majority shareholding in Psagot Investment House Ltd from shareholders led by York Capital Management.

29 September 2010

Apax Partners to Sell Qualitest Pharmaceuticals to Endo Pharmaceuticals for $1.2 Billion

New York, September 28, 2010 – Apax Partners today announced that Endo Pharmaceuticals (Nasdaq: ENDP) has entered into a definitive agreement to acquire Qualitest Pharmaceuticals for approximately $1.2 billion in cash. Qualitest, a portfolio company of Apax Partners since 2007, is the sixth largest generic pharmaceutical company in the U.S.

20 September 2010

Apax Partners' Funds and General Atlantic agree to acquire a significant interest in China's largest online real estate portal - SouFun

Funds advised by Apax Partners announced that, together with General Atlantic (GA), they have each agreed to acquire a 19% stake in SouFun, the largest online real estate portal in China.

4 August 2010

Apax Partners sells Voyager HospiceCare, Inc. to Harden Healthcare, LLC

Apax Partners today announced that it has completed the sale of Voyager HospiceCare, Inc., a provider of hospice and home health services in the United States, to Harden Healthcare, LLC.

21 July 2010

Funds advised by Apax Partners announce the IPO of SMART Technologies, Inc.

SMART Technologies, Inc., a global provider of interactive whiteboards and complementary solutions to the education, business and government sectors, has closed an Initial Public Offering. The shares began trading on 15 July 2010 on the NASDAQ Global Select Market under the ticker symbol "SMT", and on the Toronto Stock Exchange under the ticker symbol "SMA".

10 May 2010

Apax Partners announces first investment in Brazil

Funds advised by Apax Partners today announced they have entered into a definitive agreement to acquire a controlling interest in TIVIT, the leader in integrated IT and BPO services in Latin America.

4 May 2010

Apax Partners Funds to acquire majority interest in Sophos plc

Sophos plc and funds advised by Apax Partners today announced that they have signed a definitive agreement in which Apax Funds will purchase a majority stake in Sophos plc, a leading IT security and data protection provider, from the founders of Sophos and TA Associates, valuing the company at US$830million.

25 March 2010

Apax Foundation becomes shareholder in Finance in Motion

The Apax Foundation, the charity of global private equity firm Apax Partners, and Finance in Motion GmbH (Finance in Motion), Frankfurt/Main, Germany, today announced that they have signed an agreement whereby the Apax Foundation purchases a 20 per cent stake in the share capital of Finance in Motion.

17 March 2010

Promethean World makes London Stock Exchange debut

Apax Partners announces that its portfolio company, Promethean World, a leader in the rapidly growing global market for interactive learning technology, today begins trading on the main market of the London Stock Exchange under the ticker symbol ‘PRW’ following its successful initial public offering.

15 March 2010

Apax Partners reaches definitive agreement to sell Tommy Hilfiger Group to Phillips-Van Heusen for €2.2 billion

Funds advised by Apax Partners today announced a definitive agreement to sell Tommy Hilfiger Group to Phillips-Van Heusen Corporation for a total consideration of approximately €2.2bn ($3.0bn), including €1.924bn ($2.6bn) in cash and €276m ($380m) in Phillips-Van Heusen common stock.

4 March 2010

Apax divests partial stake in rue21, inc.

Funds advised by Apax Partners today announced the completion of the February 25, 2010 secondary public offering of 6,053,877 shares of common stock of rue21, inc. at a price of $28.50 per share.

13 December 2009

Apax Funds acquire majority shareholding in Psagot Investment house

Funds advised by Apax Partners today announced an agreement to purchase a majority shareholding in Psagot Investment House Ltd ("Psagot"), the largest asset management business in Israel.

11 December 2009

Apax Partners sells Spectrum Holding Company, Inc. for $230 million

Funds advised by Apax Partners today announced the sale of Spectrum Holding Company, Inc. to Welsh, Carson, Anderson & Stowe for $230 million.

8 December 2009

Apax Partners’ Funds acquire Healthcare leader Marken

A consortium comprising funds advised by Apax Partners and company management has reached agreement to acquire Marken, a company specialising in clinical trial logistics, for an undisclosed sum from Intermediate Capital Group.

24 November 2009

Richard Wilson becomes 26th EVCA Chairman

Richard Wilson, Partner at Apax Partners, has become the 26th Chairman of the European Private Equity & Venture Capital Association (EVCA), following Jonathan Russell of 3i.

25 August 2009

Apax Partners successfully completes tender offer for shares of Bankrate, Inc.

Corporations wholly owned by funds advised by Apax Partners today announced the successful completion of the cash tender offer for all of the outstanding shares of common stock of Bankrate at a purchase price of $28.50 per share in cash.

22 July 2009

Bankrate, Inc. agrees to be acquired by Apax Partners for $28.50 per share in cash

Bankrate, Inc. announced today that it has entered into a definitive agreement to be acquired and taken private by funds advised by Apax Partners, a global private equity firm with over $35 billion in funds under advice and significant expertise in financial services and media.

26 June 2009

Apax Partners issues 2008 Annual Report

Apax Partners today issued its second annual report, in accordance with the reporting guidelines detailed by Sir David Walker.

2 March 2009

Apax Partners and Consortium sell Somerfield to The Co-Operative Group

A consortium including funds advised by Apax Partners, one of the world’s largest private equity firms, Barclays Capital, and R20 today announces it has completed the sale of Somerfield to The Co-Operative Group for £1.565bn. The transaction marks a successful exit for the consortium.

4 August 2008

Apax Partners completes acquisition of TriZetto Group

The TriZetto Group, Inc. and Apax Partners announced today the closing of the merger pursuant to which funds advised by Apax Partners, together with minority investors BlueCross BlueShield of Tennessee and The Regence Group, acquired all of TriZetto’s common stock for $22 cash per share.

16 July 2008

Violet Acquisitions announces the sale of Somerfield to the Co-Operative Group

The shareholders of Violet Acquisitions Limited, which include funds advised by Apax Partners, Barclays Capital, the Tchenguiz Family Trust and Kaupthing, have today agreed the sale of Somerfield Limited to the Co-Operative Group for £1.565bn.

5 June 2008

Weather Investments announces sale of part of its shares to Apax Partners, Madison Dearborn Partners and TA Associates

Weather Investments S.p.A. ("Weather Investments") today announces the sale of part of its shares for an amount equal to 1.1 billion euro to funds managed by private equity firms Apax Partners Worldwide LLP, Madison Dearborn Partners, LLC and TA Associates, Inc.

3 June 2008

Apax Partners issues inaugural Annual Report

Apax Partners, a leading global private equity firm, today issued its first annual report, in accordance with the reporting guidelines detailed by Sir David Walker. 

2 June 2008

Cengage Learning completes acquisition of Houghton Mifflin College Division assets

Cengage Learning, one of the leading providers of print and digital instructional and reference materials for the academic, professional and library markets, today announced that it has completed the acquisition of the Houghton Mifflin College Division.

15 May 2008

Voluntary Public Tender Offer for D+S europe AG published

Pyramus S.à r.l., a company based in Luxembourg and controlled by funds advised by Apax Partners Worldwide LLP, today published the bidding document for its Voluntary Public Tender Offer to the shareholders of D+S europe AG.

15 April 2008

Apax supports the growth strategy of D+S europe AG as new core share-holder

Apax offers D+S europe shareholders EUR 13.00 per share in the context of a Voluntary Public Tender Offer (in accordance with § 29 WpUEG). After the signing of a capital increase and including shares secured through SPA and Irrevocable undertakings, Apax will hold a total of 27% of the diluted share capital.

11 April 2008

TriZetto agrees to be acquired by Apax Partners for $22 per share

The TriZetto Group, Inc. announced today that it has entered into a definitive agreement to be acquired and taken private by funds advised by Apax Partners.

17 March 2008

Eden Bidco Limited appoints David Gilbertson as Chief Executive of Emap Communications

Appointment to be effective on completion of acquisition – expected on 20 March 2008.

21 February 2008

Dubailand and HIT Entertainment strike strategic alliance, create world's first 'Little Big Club' attraction in Global Village

Dubailand, a member of Tatweer, today announced it has formed a strategic alliance with UK-based HIT Entertainment, one of the world's leading independent children's entertainment producers and rights owners, to develop a diverse portfolio of family entertainment projects in Global Village at DUBAILAND, the world's biggest tourism, leisure and entertainment destination.

4 February 2008

Acquisition of Intelsat by Serafina Holdings provides exit for Apax Partners Consortium

Intelsat, Ltd., the world’s leading provider of fixed satellite services, today announced the successful closing of the acquisition of all of the primary equity ownership of its parent, Intelsat Holdings, Ltd.

7 January 2008

Consortium comprising funds advised by Apax Partners & Mivtach Shamir acquires Tnuva for $1.025 billion

The acquisition of a majority stake in Tnuva by funds advised by Apax Partners and Mivtach Shamir group was completed on 07 January 2008 at a value of $1.025 billion.

27 December 2007

Apax Partners' London office has moved

Apax Partners' London office has moved to new headquarters on Jermyn Street.  Our address is: 33 Jermyn Street, London SW1Y 6DN.

21 December 2007

Recommended acquisition of Emap plc by Eden Bidco Limited, a company controlled by Guardian Media Group and funds advised by Apax Partners

The boards of Eden Bidco Limited and Emap plc are pleased to announce that they have reached agreement on the terms of a recommended cash offer for the entire issued and to be issued share capital of Emap.

3 December 2007

Cengage Learning to acquire Houghton Mifflin College assets for $750 million

Cengage Learning today announced that it has signed a definitive agreement with Houghton Mifflin Company, under which Cengage Learning will acquire the assets of the Houghton Mifflin College Division (HM College) for $750 million in cash.

9 November 2007

Capio holds 98.13 % of the voting rights of Unilabs at the end of the main acceptance period

Capio today announced that at the end of the main offer period on November 5, 2007, Capio and the persons acting in concert with Capio hold a voting stake in Unilabs of 98.13%.

5 November 2007

Apax Partners completes acquisition of Qualitest & Vintage Pharmaceuticals

Funds advised by Apax Partners have completed the acquisition of Qualitest and Vintage Pharmaceuticals, a leading distributor and manufacturer of generic pharmaceuticals in the US.

5 October 2007

Capio announces closing of purchase of Unilabs’ majority shareholders’ stake

Capio today announced that it has closed its purchase of the entire stake of registered and bearer shares and options of Unilabs from its majority shareholders.

17 September 2007

Apax Partners Acquires Qualitest Pharmaceuticals and Vintage Pharmaceuticals

Funds advised by Apax Partners have agreed to acquire Qualitest and Vintage Pharmaceuticals, a leading distributor and manufacturer of generic pharmaceuticals based in Huntsville, Alabama, USA.

7 August 2007

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.

30 July 2007

Apax Partners sells Healthcare at Home to Hutton Collins

The shareholders of EGX Limited ('Healthcare at Home'), which include the founder Charles Walsh and funds advised by Apax Partners, have agreed the sale of the Company, the leading provider of complex healthcare in the home environment.

16 July 2007

Apax Partners to take minority stake in SMART Technologies

SMART Technologies Inc. announces that funds advised by Apax Partners will take a significant minority position in the company.

5 July 2007

Apax Partners publishes global private equity environment rankings report “Private Equity in the Public Eye”

 Apax Partners, a leading global buyout firm, today published the 2007 global private equity environment rankings, under the title: 'Private Equity in the Public Eye'.

5 July 2007

Funds advised by Apax Partners and OMERS Capital Partners complete acquisition of Thomson Learning higher education assets from Thomson for US$7.75 billion

Funds advised by Apax Partners announced today that, together with OMERS Capital Partners, they have completed the previously announced acquisition of the higher education, careers and library reference assets of Thomson Learning and Nelson Canada from The Thomson Corporation. The transaction had a combined total value of approximately US$7.75 billion.

13 June 2007

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.

11 May 2007

Funds advised by Apax Partners and OMERS Capital Partners to acquire Thomson Learning higher education assets from Thomson for US$7.75 billion

Funds advised by Apax Partners today announced the signing of definitive agreements with The Thomson Corporation, a leading global provider of information services to business and professional customers, under which such funds, together with funds advised by OMERS Capital Partners, will acquire the higher education, career learning and library reference assets of Thomson Learning and Nelson Canada for a combined total value of approximately $7.75 billion in cash.

24 April 2007

European Commission clears acquisition of CBR by funds managed by EQT

The European Commission has cleared EQT V Fund's proposed acquisition of women's clothing designer CBR Group from funds managed by Apax Partners and Cinven Limited.

27 March 2007

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.

23 March 2007

Funds advised by Apax Partners acquire stake in Trader Media Group

Funds advised by Apax Partners today announced the proposed acquisition of a 49.9% stake in Trader Media Group from the Guardian Media Group. Guardian Media Group will retain a 50.1% stake in the business. The transaction values Trader Media Group at £1.35 billion.

1 March 2007

BVCA forms working group on disclosure

The BVCA - The British Private Equity and Venture Capital Association - today announced that it will form a working group under the Chairmanship of Sir David Walker to examine ways in which levels of disclosure in companies backed by the UK private equity industry could be improved.

22 February 2007

Apax Partners and Cinven sell fashion group CBR to EQT

Apax Partners and Cinven Limited today announce that they have signed an agreement to sell German fashion group CBR - in which they are equal shareholders - to EQT V.

7 February 2007

Funds advised by Apax Partners and TPG announce the sale of TIM Hellas to Weather Investments

Funds advised by private equity firms Apax Partners and TPG today announce the sale of TIM Hellas Telecommunications S.A., the third largest mobile phone carrier in Greece, to Weather Investments SPA.

26 January 2007

Apax Partners announces sale of Molnlycke Health Care to Investor AB

Funds advised by Apax Partners announce the sale of Mölnlycke Health Care Group to Investor AB and Morgan Stanley Principal Investments for €2.85 bn.

20 December 2006

Sale of controlling stake in Farmafactoring S.p.A. to Apax funds completed

The shareholders of Confarma S.p.A., the controlling entity of Farmafactoring S.p.A., have sold 87% of Confarma share capital to funds managed by Apax Partners.

18 December 2006

Funds advised by Apax Partners complete de-listing of Incisive Media

Funds advised by Apax Partners have completed the successful de-listing of Incisive Media alongside management.

7 December 2006

Opica holds 99.3% of the shares and votes in Capio

Opica holds 99.3% of the shares and votes in Capio. Capio has been delisted from the Stockholm Stock Exchange. Compulsory acquisition has been initiated.

4 December 2006

Funds advised by Apax Partners acquire Plantasjen from EQT

Funds advised by Apax Partners today announced the acquisition of Plantasjen, a Nordic operator of garden centres, from funds advised by EQT Partners.

26 November 2006

India Office launched by Apax Partners

Apax Partners, one of the world's largest and most well established private equity firms, has announced the launch of its India office, Apax Partners India.

17 October 2006

Funds advised by Apax Partners and Permira announce the closing of the Sisal acquisition

Giochi Holding S.p.A., a company controlled by private equity funds advised by Permira and Apax Partners, today announced the successful completion of the acquisition of Area Giochi Holding S.p.A., a company that controls 97% of the share capital of Sisal S.p.A., valued by the buyers at approximately 900 million Euros.

29 August 2006

Apax Partners Invests $190m to acquire an interest in CME - CME sees boost to future strategic opportunities

Apax will become a limited partner in a partnership holding all of the Lauder interests in CME. The remaining 50.3% interest in the partnership will be beneficially owned by Ronald Lauder and his family. The deal is expected to close on Friday, September 1.

21 August 2006

Bain Capital and Apax Partners join private equity consortium purchasing majority stake in Philips' semiconductor unit

Bain Capital and Apax Partners today announced that they had signed definitive commitments to join an expanded private equity consortium that has agreed to acquire an 80.1 percent stake in the Semiconductor Division of Royal Philips Electronics.

27 June 2006

Apax Partners makes strategic investment in Plexus Systems, provider of on-demand manufacturing systems

Apax Partners, one of the world's leading private equity investment groups, today announced that funds advised by Apax Partners have made a strategic investment in Plexus Systems, LLC, a provider of a broad suite of applications that automate business processes for discrete manufacturers.

12 May 2006

Apax Partners publishes report on the future of private equity “Unlocking global value”

Apax Partners, one of the world's leading private equity firms, today published its view of the private equity industry "Unlocking global value - Future trends in private equity investment worldwide". 

10 May 2006

Apax Partners’ funds complete acquisition of Tommy Hilfiger Corporation. Shareholders to receive $16.80 per share

Tommy Hilfiger Corporation announced today the completion of the acquisition of the Company by funds advised by Apax Partners.

25 April 2006

Network Healthcare Holdings Limited acquires leading private hospital group in UK

In a move that is likely to attract significant attention in global healthcare and financial markets, Network Healthcare Holdings (Netcare) today announced its acquisition of a controlling interest in leading UK private hospital group, General Healthcare Group Limited (GHG).

17 March 2006

Suzlon Energy signs definitive agreement for strategic acquisition of Hansen Transmissions

Suzlon Energy Limited ("Suzlon") announced today that its subsidiary, AE - Rotor Holding BV based in Netherlands, has entered into definitive agreements to acquire Hansen Transmissions International NV ("Hansen"), based in Belgium, one of the largest wind energy and industrial gearbox manufacturers in the world, for EUR 465 million (USD 565 million) enterprise value, in an all cash transaction.

1 February 2006

Apax Partners completes acquisition of CONTECH; CONTECH realigns for improved customer service and growth

CONTECH Construction Products Inc., a leading civil engineering site solutions products and services company, and funds advised by Apax Partners Worldwide, one of the world's leading private equity investment groups, today announced that Apax Partners Worldwide have completed their acquisition of a majority ownership interest in CONTECH. The transaction had a total enterprise valuation of more than $1 billion.

20 January 2006

Nordic Telephone Company's tender offer for all TDC Shares

Nordic Telephone Company expects to announce that it will complete the tender offer no later than 25 January 2006.

6 January 2006

Apax Partners, L.P. Completes Acquisition of Majority Ownership Interest in Spectrum Laboratory Network

Apax Partners, one of the world's leading private equity investment groups, today announced that funds advised by Apax Partners have completed their acquisition of a majority ownership interest in Spectrum Laboratory Network, a leading regional provider of clinical laboratory and disease screening services.

23 December 2005

Tommy Hilfiger Corporation announces agreement to be acquired by Funds advised by Apax Partners for $16.80 per share or approximately $1.6 billion

Tommy Hilfiger Corporation and Apax Partners, a leading global private equity firm, announced today a definitive agreement under which Funds advised by Apax Partners will acquire Tommy Hilfiger Corporation in a merger at a price of $16.80 per share in cash, representing a transaction value of approximately $1.6 billion.

20 December 2005

Somerfield Plc completion of acquisition by Violet Acquisitions Limited

Further to the announcement on 20 December 2005, the Court Orders sanctioning the Scheme and confirming the Capital Reduction have been delivered to the Registrar of Companies and, in respect of the Capital Reduction, been registered. The Scheme has now become effective and the entire issued share capital of Somerfield is owned by Violet Acquisitions Limited.

12 December 2005

Providence Equity Partners to take sole ownership of Kabel Deutschland

Apax Partners and Goldman Sachs Capital Partners to sell their shareholdings. KDG is the Largest German cable operator and well-positioned to successfully roll-out triple play services.

15 November 2005

Apax Partners’ Funds announce the successful completion of the acquisition of Panrico

Funds advised by Apax Partners, today announced the successful closing of the acquisition of 100% of the share capital of Panrico, S.A. from the Costafreda Family, Caixa Holding, BancSabadell and other minority shareholders.

7 November 2005

Apax Partners, L.P. to acquire majority ownership interest in Spectrum Laboratory Network

Spectrum Laboratory Network, a leading regional provider of clinical laboratory and disease screening services, and Apax Partners, L.P., one of the world's leading private equity investment groups, today announced that funds advised by Apax Partners will acquire a majority ownership interest in Spectrum.

11 October 2005

Apax Partners Funds, Saban Capital Group and Arkin Communications (Apax Saban Arkin Group) completes acquisition of controlling interest in leading Israeli telecom company Bezeq

The group has acquired 30% of Bezeq's shares for 4.246 billion NIS ($923 million) and an option to purchase an additional 10.7% of the shares within the next four years.

4 August 2005

Apax Partners’ Funds to acquire Grupo Panrico

Funds advised by Apax Partners today announced an agreement to acquire a majority shareholding in Panrico, S.A. from the Costafreda Family, La Caixa and other minority shareholders.

3 August 2005

Funds advised by Apax Partners announce the successful completion of the acquisition of a majority shareholding in Travelex

Funds advised by Apax Partners today announced the successful closing of the acquisition of a controlling majority stake in Travelex, the world's largest foreign exchange specialist, following regulatory approval.

18 July 2005

Xanodyne Pharmaceuticals, backed by MPM Capital-led syndicate, approved to acquire pain management portfolio

Xanodyne Pharmaceuticals, Inc., a specialty pharmaceutical company, today announced that the Bankruptcy Court for the District of Delaware has approved its bid to acquire the pharmaceutical assets of aaiPharma.

8 June 2005

Apax Partners Funds sell remaining stake in Azimut

Funds advised by Apax Partners today announced the sale by their Luxembourg subsidiaries of their remaining stake in Azimut Holding, the Italian fund management group, to institutional investors at a price of €5.05 per share.

26 May 2005

Sunshine Acquisition, a company set up by Apax Partners’ Funds, closes acquisition of Hit Entertainment

Sunshine Acquisition Limited, a company formed by Funds advised by Apax Partners to acquire Hit Entertainment, today announced it has completed the acquisition of Hit for £489.4 million.

21 April 2005

Nordic Capital to sell Molnlycke Health Care to Apax Partners Funds

Nordic Capital and other major shareholders have entered into a definitive agreement to sell Mölnlycke Health Care to funds advised by Apax Partners.

4 April 2005

Apax Partners’ Funds and Texas Pacific group to acquire control of Tim Hellas Telecommunications S.A. in a 1.1 billion Euro transaction

An acquisition company owned by private equity funds advised by Texas Pacific Group and Apax Partners signed a conditional acquisition agreement today with TIM International for the acquisition of its 80.87% shareholding in TIM Hellas Telecommunications S.A, the Greek wireless operator.

28 February 2005

Funds advised by Apax Partners to acquire majority shareholding in Travelex

Lloyd Dorfman, who will continue to be Chairman and Chief Executive of the Group, will retain a 30% stake, and 3i, which has held a shareholding in Travelex since 1999, will retain a 7% stake.

31 January 2005

Saunders Karp & Megrue completes recapitalisation of Bob's Discount Furniture

Saunders Karp & Megrue, in partnership with the existing management team, announced today the completion of the recapitalisation of Bob's Discount Furniture, a leading New England based retailer of home furnishings at everyday low prices.