Apax Partners backs Chola

Apax Partners is investing INR 5 billion ($84 million) in Cholamandalam Investment and Finance Company Limited. Chola was incorporated in 1978 as the financial services arm of the Murugappa Group.

PE-backed GlobalLogic names CFO

GlobalLogic, a portfolio company of Apax Partners, has hired Anna Brunelle as CFO. Brunelle, who will be based in the firm’s headquarters in San Jose, Calif, previously worked at TiVo, where she recently served as CFO. GlobalLogic is a provider of software R&D services.


Apax Partners sells Travelex stake

Apax Partners has sold a majority ownership stake in Travelex to Dr. B. R. Shetty and equity partners associated with Centurion Investments. Travelex is a foreign exchange specialist.

Apax to create $500 mln Israel mid-market fund – Reuters

British private equity fund Apax Partners is to create a $500 million mid-market fund to invest in Israeli companies in the technology, telecom, healthcare and consumer sectors, writes Reuters. The new fund will target 10 deals of $25 million to $100 million, Nico Hansen, a partner at Apax, told a private equity conference in London.

Apax appoints new Co-CEOs

Apax Partners has elected Andrew Sillitoe and Mitch Truwit as the firm’s new co-chief executive officers. They will assume their roles on 1st January, 2014, succeeding Martin Halusa, who has served as Apax’s CEO since 2004 and who will become chairman of the firm, until his retirement at the end of the Apax VIII investment period.

Tomorrow Partners Launches High Yield Advisory Service

Tomorrow Partners, an independent debt advisory firm, has launched a high yield advisory service to complement its existing debt advisory offering. Tomorrow Partners was founded in April 2012 by Jonathan Rowland, the former head of Citi’s financial entrepreneurs group for EMEA, and Neil Thomson, former partner and head of financing at Apax Partners. PRESS RELEASE […]

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