Apax RSS: Financial & Business Services News

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

Fri, 07 Sep 2012 18:07:50 GMT

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.

Travelex sells Global Business Payments

Tue, 05 Jul 2011 15:33:29 GMT

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.

Bankrate IPO

Tue, 21 Jun 2011 18:15:49 GMT

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.

Apax Funds agree to sell stake in IFCO Systems to Brambles

Mon, 24 Jan 2011 15:02:29 GMT

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.

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

Mon, 24 Jan 2011 14:58:42 GMT

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.

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

Fri, 19 Nov 2010 16:58:58 GMT

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.

Apax Partners sells Global Refund to Barclays Private Equity

Fri, 19 Nov 2010 16:58:33 GMT

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

Fri, 19 Nov 2010 16:58:22 GMT

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

Fri, 19 Nov 2010 16:58:17 GMT

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.

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

Fri, 19 Nov 2010 16:58:05 GMT

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.

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

Fri, 19 Nov 2010 16:57:54 GMT

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.

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

Fri, 19 Nov 2010 16:57:50 GMT

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.

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

Fri, 19 Nov 2010 16:57:41 GMT

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.

Apax Partners Funds sell remaining stake in Azimut

Fri, 19 Nov 2010 16:57:39 GMT

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.