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Welcome back to Apax Dispatch. In this edition, we bring you the latest episode of our podcast series, where you can hear from Apax's Dalia Rahman and Tosca's Karin Witton on all things sustainability. Staying on the theme of sustainability, you can also read our recently published Sustainability Report, which is now in its 10th year, and learn about the latest news from Apax, the Apax Foundation, the Funds' portfolio companies, and more.

We hope you will enjoy Apax Dispatch and, as always, welcome your feedback on how we can improve.  
Podcast: 'Turning ideas into action' - lessons on sustainability from Tosca's Karin Witton   
Apax Interns 2021

In the latest episode of our podcast, Dalia Rahman, ESG Specialist in Apax's Operational Excellence Practice, is joined by Karin Witton, Global Head of Sustainability for Apax Fund portfolio company Tosca, a leading provider of supply chain solutions and reusable packaging. In this episode, Karin gives our audience a whistle-stop tour into her varied career in Sustainability; her recent efforts at Tosca and how she is helping make an already inherently sustainable business even more so; insights into Tosca's inaugural Sustainability report, as well as tips and advice for other professionals in the Apax network who are starting, or on, their own sustainability journey. 

Listen to the 17-minute podcast on our website, here . You can also find all our previous podcast episodes on Spotify and Apple Podcasts.   
Apax Sustainability Report - Edition 10      
In March, we published our annual Sustainability report. This edition - which marks a decade of sustainability reporting at Apax, having published our inaugural report in 2013 - highlights the wide-ranging sustainability initiatives undertaken at Apax and the Apax Funds' portfolio companies, including our comprehensive carbon measurement programme. You can also hear from Apax Fund portfolio companies, including Infogain, Lutech, and Toi Toi & Dixi, on their ESG initiatives.

You can view the full, interactive report by clicking here .   
Video: The Apax Intelligence Platform     
Apax Interns 2021

Over the past several years, we've built a comprehensive data analytics platform from scratch - The Apax Intelligence Platform - that has the ability to ingest, very quickly, huge quantities of portfolio company data. This platform powers several proprietary analytical tools that enable us to unleash the power of data to drive unique and actionable insights.

You can find out more from our Operational Excellence Practice by watching the video on our website, here . 
Apax Foundation Spotlight: TERN     
TERN - The Entrepreneurial Refugee Network - is one of the principal relationships in the Apax Foundation''s social mobility portfolio. The Apax Foundation has a particular interest in organisations that help refugees use the skills they bring to their new home countries and build fulfilling lives. TERN's work helps refugees achieve financial self-sustainability through entrepreneurship, connecting unutilised skills to market opportunities. Its long-term goal is to support 4,000 refugee entrepreneurs and launch 2,000 refugee-led businesses by 2025.

The Apax Foundation has supported TERN since its inception in 2017 and made a further 2-year commitment to it in February 2023. Our model is to have one of the future leaders of the firm engaged with each charity in our social mobility portfolio and we are delighted that Lara Markham, Vice President in Apax's Global Impact team, has succeeded Anders Meyerhoff as lead for TERN.

Click here to learn more.
In case you missed it
International Women's Day 
In celebration of International Women's Day 2023, we asked women across Apax to share their thoughts on how we as a firm collectively embrace equity.  You can read their thoughts here .       
Apax's Annual Investor Meeting   
After four years, it was great to come together again in person for our Annual Investor Conference in March. Thank you to everyone that attended.
Apax in the news

Apax Funds invest in travel tech company IBS Software 
IBS Software is a leading provider of modern Software-as-a-Service (SaaS) solutions to the global travel and logistics industry. You can find out more here
Real Deals' article on Apax's decarbonisation efforts
Following the publication of Apax's 10th Sustainability Report, Ellen de Kreij spoke to Real Deals about Apax's decarbonisation efforts. You can read more here  (pay wall).      
Duck Creek agrees to be acquired
Apax Fund portfolio company DuckCreek announced that it has been acquired by Vista Equity Partners for $19.00 per share, in an all-cash transaction.   Find out more here
Vyaire to sell consumables Business 
Apax Fund portfolio company Vyaire announced that it is selling its consumables business. You can find out more here.      
Magaya completes equity recapitalization led by the Apax Digital Funds 
Magaya is a leading provider of supply chain automation and logistics software. You can find out more here      

The views expressed in this publication reflect the current views of Apax Partners LLP (together with its affiliates, "Apax") as of the date hereof and Apax undertakes no responsibility to advise you of any changes in the views expressed herein.

This publication is not intended to be, and must not be taken as, the basis for any investment decision by any recipient. No offer or solicitation of an offer in respect of any Apax fund is being made by Apax by communication of this publication and no reliance should be placed upon this publication by any person, nor should it act as an inducement to enter into any investment activity.

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Past performance referred to herein is not indicative of future results and there is no assurance that any Apax fund will achieve its objectives or avoid significant losses. This publication may contain forward looking statements, including in relation to the financial condition, results of operations and businesses of companies referred to herein; any such statements are subject to various assumptions, risks and uncertainties, many of which are difficult to predict.

Recipient should not treat the contents of this publication as research or advice relating to legal, taxation, ERISA, financial, investment or accounting matters, or as a recommendation by Apax and are strongly advised to consult their own professional advisers concerning their own circumstances, or in relation to any investment concepts mentioned in this publication (which may be unsuitable for the recipient depending on their specific investment objectives and financial position).