Posts tagged: apax

Deals, Deals, Deals ... in a bear market - Part 59

Monday, 30 October 2023, 9:07 am

This week's round of dealmaking in the UK kicks off with Ascential's £1.4 billion sale of two bits of the group to marketing giant Omnicom and Apax.

This morning Ascential, the FTSE 250-listed business information and events group, announced a deal to sell its Digital Commerce unit to Omnicom for £741 million and also the sale of its product design unit (called WGSN) to buy out house Apax for £700 million...


Deals, Deals, Deals ... in a bear market - Part 56

Thursday, 19 October 2023, 6:27 pm

Today's deals include CoStar Group's £99 million purchase of London-listed property website OnTheMarket.

The Nasdaq-listed company is paying 110p a share for OnTheMarket, which is at a premium of 56pc. Below is the link to the press release:


Anthesis Group weighs £400 million sale; Carlyle and Apax said to be in the running to purchase sustainability consultancy - sources

Monday, 26 June 2023, 4:23 pm

A sustainability consultancy firm that works for technology giants such as Amazon, FTSE 100-listed retailer Tesco and the British government could be about to change hands for around £400 million.

People following the situation said Anthesis Group has hired advisers from Lazard to work on a "strategic review", which could lead to a sale of the business...


Apollo and Apax said to be circling Applus Services, reveals Reuters

Friday, 5 May 2023, 8:40 am

Shares in Applus Services, the Spanish industrial testing company, are on a tear this morning thanks to an overnight scoop from Reuters hacks.

Andres Gonzalez and Amy-Jo Crowley of Reuters report that several private equuity firms, includng Apollo and Apax, are considering offers for Applus.

A consortium formed by I Squared and TDR has also signalled potential appetite for a takeover of the EURO 1 billion company, according to Reuters piece...


Apax sniffing around Alliance Pharma, reveals Sky News

Thursday, 20 April 2023, 7:36 am

Mark "The Kleinmanator" Kleinman, City Editor of Sky News, is on a bit of a run of good form.

Earlier this week Kleimanator, a former boss and colleague during our time working on The Daily Telegraph, together smoked out Liontrust's interest in purchasing ailing Switzerland-listed asset manager GAM Holding. Below is a link to his scoop story and the confirmation:..


Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 9

Tuesday, 3 December 2019, 7:53 am

That's the end of that, then.

The hedgies attempt to squeeze some extra cash out of Apax, Warburg Pincus and the Canadian pension funds for Inmarsat ends as a damp squib after they effectively folded in this game of poker by withdrawaing their joint legal action at today's hearing at the Court to sanction the Scheme of Arrangment. Below is the link:..


Betaville Intelligence

RARE ALERT: Inmarsat said to ... - Part 8

Monday, 2 December 2019, 9:05 pm

To the Court for tomorrow's hearing to sanction Warburg Pincus and Apax's Scheme of Arrangement to take Inmarsat private.

The judge may be confronted by a bunch of angry hedgies who have been arguing the private equity firms should pay more or attach a contigent value right aspect to their deal because of developments in the US sattelite industry may mean Inmarsat is worth significantly more...


More M&A on the way in Britain post Brexit deal, top fund manager tells the Telegraph

Saturday, 29 June 2019, 9:16 am

Tucked away in the back of the business section of my old employer - The Daily Telegraph - are some rather interesting comments from Gervais Williams, the respected fund manager, about the prospect of a pick up in dealmaking.

Williams, who runs the Diverse Income invesmtent trust - told Richard Evans, a rather nice former ex-colleague who writes the Questor column- that London-listed companies are at "unusually attractive valuations"...