Report: Apax Partners Opening China Office

SHANGHAI (Reuters) – Private equity firm Apax Partners will open an office in China by the end of this year, the official China Securities Journal reported on Friday.

Apax Partners plans to establish its first China office in Shanghai by the end of this year, followed by Beijing next year, the newspaper said.

The move is an important step for the fund’s global strategy, the newspaper quoted its global chief executive Martin Halusa as saying. (Reporting by Alfred Cang; Editing by Edmund Klamann)