Press releases

8 June 2005

Apax Partners Funds sell remaining stake in Azimut

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.

26 May 2005

Sunshine Acquisition, a company set up by Apax Partners’ Funds, closes acquisition of Hit Entertainment

Sunshine Acquisition Limited, a company formed by Funds advised by Apax Partners to acquire Hit Entertainment, today announced it has completed the acquisition of Hit for £489.4 million.

21 April 2005

Nordic Capital to sell Molnlycke Health Care to Apax Partners Funds

Nordic Capital and other major shareholders have entered into a definitive agreement to sell Mölnlycke Health Care to funds advised by Apax Partners.

4 April 2005

Apax Partners’ Funds and Texas Pacific group to acquire control of Tim Hellas Telecommunications S.A. in a 1.1 billion Euro transaction

An acquisition company owned by private equity funds advised by Texas Pacific Group and Apax Partners signed a conditional acquisition agreement today with TIM International for the acquisition of its 80.87% shareholding in TIM Hellas Telecommunications S.A, the Greek wireless operator.

28 February 2005

Funds advised by Apax Partners to acquire majority shareholding in Travelex

Lloyd Dorfman, who will continue to be Chairman and Chief Executive of the Group, will retain a 30% stake, and 3i, which has held a shareholding in Travelex since 1999, will retain a 7% stake.

31 January 2005

Saunders Karp & Megrue completes recapitalisation of Bob's Discount Furniture

Saunders Karp & Megrue, in partnership with the existing management team, announced today the completion of the recapitalisation of Bob's Discount Furniture, a leading New England based retailer of home furnishings at everyday low prices.