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Apax Dispatch

6th April 2022

Welcome to Apax Dispatch. In this edition, you can listen to the latest episode of our podcast, featuring guest speaker Marc Warner, CEO and Co-founder of ADF portfolio company Faculty, discussing all things Artificial Intelligence. We also bring you the 9th edition of Apax’s Sustainability Report, which outlines our data-led approach to ESG; an exciting brand reveal within the Apax portfolio, and more.

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

Apax podcast - 'All things Artificial Intelligence' with Faculty's Marc Warner

In the latest episode of our podcast, Mark Beith, Partner at Apax Digital is joined by Marc Warner, CEO and Co-founder of ADF portfolio company Faculty, a leading British Artificial Intelligence (AI) company. In thirty minutes, Mark and Marc explore how to start and manage a high-growth start-up, the benefits of using AI in your operations, whether general AI will take over the world, while also questioning just how closely the Big Bang Theory compares with reality…

Listen to the podcast on our website. You can also find all our podcasts on Spotify and Apple Podcasts. 

Apax’s data-led approach to ESG

Published annually since 2012, the Apax Sustainability Report highlights the wide-ranging Environmental, Social, and Governance (ESG) initiatives undertaken at Apax and the Apax Funds’ portfolio companies. The 9th edition of the report highlights Apax’s work around climate change and decarbonisation, including how the firm is improving reporting and tracking against core KPIs using a new proprietary data platform. Initiatives at Apax Funds’ portfolio companies Kepro, Tide, and Authority Brands were also spotlighted, sharing their learnings on topics such as inclusion and diversity, decarbonisation, and corporate governance.

You can access the digital version of the 9th edition of Apax's Sustainability Report, here.
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Portfolio spotlight: Bonterra

We are pleased to share that Apax portfolio companies CyberGrants, EveryAction, Network for Good, and Social Solutions are coming together as Bonterra. The Bonterra team are creating a landscape-defining software platform to power those who power social impact. By bringing together their intuitive technology and expertise, Bonterra will enable unprecedented connectivity between social good organisations and their community of supporters and constituents. This will reshape philanthropic giving, empower digital transformation, and bring the social good sector the technology it needs to accelerate lasting social change.

You can find out more about the brand launch by watching this video. You can also find out more about Bonterra and hear from CEO Erin Nelson Mulligan in this article from Forbes.​​​​​​

​​​​​​​Apax in the news

Alcumus

The Apax Funds announced that they would be acquiring Alcumus, a global leader in technology-led risk management. ​​​​​​​You can find out more in this article from Private Equity News.

Ole Smoky Distillery

The Apax Funds acquired a controlling stake in Ole Smoky Distillery, one of the fastest growing spirits companies in the US. ​​You can find out more here.

Far Niente

The Funds signed a definitive agreement to acquire an ownership stake in Far Niente Wine Estates, one of Napa Valley’s oldest wineries.

YunZhangFang

The Apax Digital Fund announced a $60m investment in YunZhangFang, a leading specialised accounting and tax management Software as a Service provider in China.

ClearBank

The Apax Digital Funds announced investment in ClearBank, the largest next-generation clearing and embedded banking platform in the UK.​​​ ​​​​​You can find out more in TechCrunch, here

Herjavec & Fishtech

Apax portfolio company Herjavec Group and Fishtech Group, two award-winning cybersecurity solutions providers, announced a merger. You can find out more in this blog post.​​​​​​​

Apax awarded 'Best Fundraising Firm - overall'

Finally, we are very pleased to have been awarded 'Best Fundraising Firm – Overall' in this year's Private Equity Wire European Awards 2022.​​​​​​​

 

 

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).