Apply the highest
standards of integrity in dealings with all stakeholders.
Because private equity is such a
long-term business, which depends on the trust it receives from its
investors and all other stakeholders, integrity is crucial in
everything Apax does.
Our Global Business Standards
Apax has developed a series of
principles and procedures which it applies globally. It adheres to
the same values across its business in all of the countries in
which it operates irrespective of whether it is subject to official
regulation. These principles inform its interactions with
employees, portfolio companies, suppliers, investors and the local
communities in which it operates.
The key principles are communicated
through regular training and are regularly monitored to ensure that
the standards are being adhered to. The main areas of focus are as
Conflicts of interest
Typically, conflicts are managed by
obtaining consent, refraining from taking action and by disclosure.
There are also policies designed to manage personal conflicts. Each
Fund has a Board of Advisers, made up of the major investors in
that fund to which potential conflicts can be referred for
Confidential information received
by any Apax Partners representative is treated as such and all
reasonable practical steps are taken to restrict access by
unauthorised persons. Everyone is required to sign an undertaking
reminding them of their obligations on joining the firm and
The responsibility for risk
management within Apax Partners rests with the Executive Committee. The
overriding culture within the organisation is always to adopt the
highest standards in all areas of the business and demand the same
from all third parties who perform activities on our behalf.