Apax To Sell Stake?

Apax may sell 10% of itself to the Government of Singapore Investment Corporation (GIC), the Australia Government Future Fund (a pension fund for the country's public sector workers), and Japanese financial services firm, Takefuji.

According to the WSJ, a deal could yet fall apart, since it still needs to be approved by Apax's current investors. Middle Eastern investors have also reportedly shown interest in taking a stake in the firm.

If, however, Apax ends up successfully courting these Far Eastern investors, it would give the group additional funds, plus help it to expand in the region.

Source: Thomson Merger News