Welcome back to Apax Dispatch. In this edition, you can listen to the latest episode of our podcast featuring guest speaker Nate Smith, CEO and Founder of ADF portfolio company Lever, who shares his insights into the future of work. We also bring you an update on our sustainability initiatives, the latest from the Apax Foundation, exciting news from within the portfolio, and more.

We hope you will enjoy Apax Dispatch and, as always, welcome your feedback on how we can improve.

Podcast: 'The Future of Work' with Lever's Nate Smith

In the latest episode of our podcast, Mia Hegazy, Principal at Apax Digital is joined by Nate Smith, CEO and Founder of ADF portfolio company Lever, a leading talent acquisition software provider. In this episode, Nate and Mia cover everything from kickstarting a career in technology at Google and getting a start-up off the ground to the future of work, the impact of Covid on traditional office culture, the fundamental importance of diversity and inclusion, and much, much more.

Listen to the 40-minute podcast on our website, here. You can also find all our podcasts on Spotify and Apple Podcasts.

Sustainability Challenge

Earlier this year we launched a new sustainability challenge at Apax aimed at changing our actions to invest in our planet. For the challenge, we committed to reducing our reliance on single use plastic, opted for public transport and cycling to work and reduced our meat consumption, alongside many other initiatives to improve our carbon footprint. Over the course of the challenge, we were able to achieve a significant reduction in plastic waste and reduce our carbon consumption at the same time. As a result, through our partnership with One Tree Planted, thousands of trees will be planted in Butte County, California to help restore biodiversity and essential habitats as the land recovers from forest fire devastation.

You can find out more about One Tree Planted, here.

Apax Foundation Spotlight: The Opportunity Network

The Opportunity Network (OppNet) is one of the Apax Foundation's principal relationships in its social mobility portfolio and an example of its strategy of long-term financial support alongside strong local team involvement, aligned with Apax's commitment to inclusion and diversity.

OppNet was founded as a direct response to the inequitable structures of access, college opportunity, and professional mobility that disproportionately affect students of colour and students from low-income communities. Apax has committed itself to a long-term vision for a more diverse firm. Our aim is to build a firm of the most talented professionals, which represents the diversity of society as a whole in the geographies where we operate, creating opportunities for high-potential individuals in under-served or under-represented communities through partnerships with organisations such as The Opportunity Network. Apax understands that part of solving the challenge of representation includes creating broader early career opportunities for investment professionals in the private equity ecosystem. OppNet's internship programme pipeline has been integral in fostering greater representation at Apax.

Dan O'Keefe is Chairman of The Opportunity Network, Jason Wright is a Board member and Chairman Emeritus, Pavithra Mahesh serves on the Associate Board, and several members of the New York team have been involved over the years as volunteers and mentors.

Click here to learn more and find out how to get involved.

Celebrating the team

Continuing to celebrate our talented team, we want to congratulate Steven Kooyers, who was included in Private Equity International's 'Future 40 Leaders' list (see here), and Jesus Rueda Molins, who was featured in Private Equity News's 'Rising Stars of Private Equity' list (see here). We also want to congratulate the team involved in the Apax Funds' acquisition of CyberGrants and subsequent creation of Bonterra, which was featured as a 2022 Middle-Market Deal of the Year by Mergers and Acquisitions (see here).

Apax in the news

Sale of Lever

Apax Digital Fund portfolio company Lever, a leading talent acquisition software provider, announced that it is being acquired by Employ. You can find out more here.

Celebrating Pride

As part of Apax's Pride celebrations, we invited people to share their thoughts on the importance of Pride, and what it means to be an ally. You can read the responses on our LinkedIn page.

Acquisition ofPickles

The Apax Funds announced another exciting partnership, the acquisition of Pickles Auctions, a leading marketplace for vehicles, industrial, and salvage assets. You can find out more here.

Sale of MyCase

Apax Fund portfolio company MyCase announced that it has been acquired by AffiniPay, and will be joining forces with LawPay. You can find out more here.

Acquisition of EcoOnline

The Apax Funds announced they had signed an agreement to acquire all shares of EcoOnline Global, a leading EHS software company. Find out more here.

Apax Rise - Women in PE

Apax Rise held an event in London where we invited women interested in learning more about the PE industry to meet our team.Click here to hear from members of Apax Rise discussing life at Apax.

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