Apax Partners Funds sell remaining stake in Azimut
8 June 2005
The sale of 17,148,210 shares represented approximately 11.9% of
the group's share capital. Azimut initially sold shares to
the public in July 2004.
Merrill Lynch and Mediobanca were joint global coordinators on
the transaction and Merrill Lynch, Mediobanca, Cazenove and
UniCredit Banca Mobilare acted as joint bookrunners. Settlement
will take place on 13 June 2005.
Azimut has more than 900 financial planners and manages in
excess of €9.3 billion of assets.
Notes to Editors
Apax Partners is one of the world's leading private equity
investment groups, operating across the United States, Europe and
Israel. Apax Partners has raised or advised approximately $20
billion around the world. With more than 30 years of direct
investing experience, Apax Partners' Funds provide long-term equity
financing to build and strengthen world-class companies. It pursues
a multi-stage equity investment strategy, investing in late
venture, growth capital and buyouts.
Apax Partners' Funds invest in companies across its 6 chosen
global sectors of information technology, telecommunications,
healthcare, media, financial/business services, retail and
consumer. Apax Partners' Funds investments include Global Refund,
MoneyBox, Independer, Hit Entertainment, Yell, VNU World
Directories and Deutsche Kabel.
For additional information, see: http://www.apax.com
For further information, please contact:
Ben Harding
T: +44 20 7872 6300
E: Ben.Harding@apax.com
Lorella Cremonesi
T: +39 02 76211 9207
E: Lorella.Cremonesi@apax.com