Welcome to the Autumn edition of Apax Dispatch. Here we bring you news on the recently closed Apax Credit funds, the latest activity across the Apax Funds’ portfolio, as well as insights from the Apax Foundation, including a spotlight into how the Foundation and the Operational Excellence Practice have supported Operation White Stork in Ukraine.
We hope you will enjoy Apax Dispatch and, as always, welcome your feedback on how we can improve.
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Apax raises $750 million in commitments for first generation credit funds
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Last month, we announced that Apax has successfully raised c.$750m for the first generation of dedicated Apax Credit Funds. The strength of the fundraise demonstrates the solid growth and success of Apax’s credit platform. Apax advised funds have invested in credit for over a decade, including advising London listed Apax Global Alpha on its credit investment portfolio. In total, Apax has advised on approximately 90 credit investments since 2013, and total credit capital advised by Apax stands at approximately $1.5bn.
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Apax Foundation spotlight: Operation White Stork
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The Apax Foundation is proud to have backed a pioneering initiative developed by Apax’s Operational Excellence Practice ("OEP"), harnessing the OEP’s operating expertise, digital capabilities and network of vendors to increase the impact of the Apax Foundation’s funding to non-profits.
This initiative was piloted in partnership with Operation White Stork, which delivers life-saving medical equipment to soldiers and civilians on the front line in Ukraine. The OEP’s involvement focussed on three areas: sourcing to reduce the cost of medical kits while maintaining quality; digital acceleration to increase donations to Operation White Stork through its website; and utilising its vendor network for third party support.
The project got off the ground in Spring 2023 and, to date, has delivered over 16,000 Individual First Aid Kits to the front line in Ukraine at a cost reduction of 63% per unit, and created an online donor base generating as much as $10,000 in donations a week from $0 in May 2023.
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Hear from our team: Life at Apax
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At Apax, we’ve built a culture that works differently. Our teams are driven by our core values, which are at the heart of who we are and how we make decisions. Today, Apax has over 350 employees across seven global offices, working together to inspire growth.
Hear from our team on how the Apax culture and values help deliver results.
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Generative AI - empowerment or displacement?
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Apax was pleased to host a panel event focused on Generative AI, featuring Faculty’s Marc Warner and Thoughtworks’ Rachel Laycock.
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Apax Funds acquire Bazooka Candy Brands
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The Apax team will look to stand the company up as an independent business and build on the success of Bazooka’s global portfolio of beloved confectionery brands.
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Apax Funds invest in Palex Medical
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Palex is the leading provider of high value-added medical technology equipment and solutions in Southern Europe.
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Apax Funds invest in Swing Education
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Financing, led by funds advised by Apax and Reach Capital, will be used to grow the pool of qualified substitute teachers and school district partners.
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Controlant announces financing from Apax Credit Funds
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Controlant is a global leader in the digital transformation of pharma supply chains.
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Invest Europe's Success Stories: Unilabs
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Invest Europe featured a case study on Unilabs as part of its 'Success Stories' series.
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Apax partnerships feature in the Inc 5000 list
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Apax and Apax Digital Fund portfolio companies Ole Smoky Distillery, Accurate Background and Wizeline were all included in Inc. Magazine's 'Inc 5000' list.
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Introducing ODIDO - TMobile Netherland's new brand
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T-Mobile Nederland announced it has rebranded as Odido. Click below to see the company's new website and find out more about the new Odido brand.
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Private Equity International spotlights Apax Rise
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Apax's Pavithra Mahesh recently spoke to Private Equity International about RISE, Apax’s internal women’s network.
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Seth Brody featured in PEI's latest Operational Excellence report
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Seth discusses operational excellence across supply chains, digitalisation and ESG, as well as the importance of data analytics in opportunity assessments and targeted cost-reduction programmes.
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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.
This publication discusses broad market, industry or sector trends, or other economic, market or political conditions, and may refer to securities of companies in which certain Apax funds may be invested, or in respect of which Apax may seek to or have provided services (or receive services from). No representation or warranty, either express or implied, is provided in relation to the accuracy, adequacy or completeness of the information contained herein. None of the information herein has been independently verified and neither Apax nor any other person accepts responsibility for the publication.
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).
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