Apax returns to market for $7.5 bln global fund, say sources: Reuters

London-based private equity firm Apax is seeking $7.5 billion from investors for its latest fund, two sources familiar with the matter said on Monday, one of at least four major European buyout houses to launch fundraising drives in the coming months.

Apax will begin raising capital for its ninth global fund later this year, the sources said, following a busy year of exits for the firm, including the sale of UK retailer New Look.

Apax declined to comment.