Apax-backed Marina Holdco invests in Zensar

Apax Partners-backed Marina Holdco has acquired a minority stake in Zensar Technologies, a tech services provider. The seller was Electra Partners Mauritius Limited, which continues to hold a minority stake in Zensar.


Apax invests in Ideal Protein

Apax Partners LLP said Friday it has agreed to invest in Ideal Protein. Financial terms weren’t announced. The founders, Dr. Tran Tien Chanh and Olivier Benloulou, will continue to have a significant stake. Ideal Protein, of Gatineau, Quebec, is a weight loss and wellness solutions company. Jefferies LLC advised Ideal Protein while BMO Capital Markets acted as financial advisor to Apax.


Apax to acquire controlling stake in FULLBEAUTY Brands

Apax Partners has agreed to acquire a controlling stake in FULLBEAUTY Brands, a provider of plus-size apparel. The sellers are Charlesbank Capital Partners and Webster Capital; however, Charlesbank will retain a “substantial” ownership stake in FULLBEAUTY after the transaction closes. No financial terms were disclosed. J.P. Morgan Securities LLC and Jefferies provided financial advice to FULLBEAUTY, Charlesbank and Webster Capital while Deutsche Bank did likewise for Apax.


Apax to invest in online real estate marketplace Idealista

Apax Partners has agreed to acquire a stake in online real estate marketplace Idealista SA. The sellers are Tiger Global Management, Kutxabank and Bonsai Venture Capital. Jefferies provided financial advice to Idealista on the transaction while PricewaterhouseCoopers provided financial and tax advice to Apax.


PE-backed AssuredPartners buys Colorado insurance broker

AssuredPartners has acquired Denver-based Peliton Insurance and Peliton Benefits, a risk management and insurance solutions provider to small and mid-sized businesses in the Colorado Rocky Mountain region. No financial terms were disclosed. Recently, GTCR agreed to sell portfolio company AssuredPartners to Apax Partners, as previously reported by PE HUB.


Apax Partners to buy RFS Holland

Apax Partners has agreed to buy RFS Holland Holding B.V. Financial terms weren’t announced. RFS Holland is the parent company of online retailers Wehkamp, Fonq.nl and Create2fit, as well as consumer finance services provider Lacent. Stella Advisors, along with Cofay, provided financial advice to Apax.


Aptos, ex-Epicor Retail Solutions, launches as independent company

Aptos Inc., the former Epicor Retail Solutions, launched Wednesday as independent company and new brand. In May, Epicor Software said it would spin-off its Retail Solutions business into a separate, privately-held company. Noel Goggin, formerly EVP and GM of Epicor Retail Solutions, is CEO of Aptos. Both Aptos and Epicor are backed by Apax Partners.


Epicor to spinoff Retail Solutions business, pay dividend to shareholders

Epicor Software Corp. said Monday that it has spunoff its Retail Solutions business into a separate, privately-held company backed by Apax Partners. Epicor Software, which makes business software, is an Apax portfolio company. Epicor also announced Monday a proposed debt offering of $2.1 billion. Proceeds will be used to refinance $1.3 billion in outstanding debt, refinance $400 million in notes and pay a dividend to shareholders. Jefferies Group LLC provided financial advice to Epicor.


Apax to buy Quality Distribution for $800 mln

Apax Partners has agreed to buy Quality Distribution Inc. in a deal valued at about $800 million, including debt. The transaction includes a 40-day “go-shop” where Quality Distribution can solicit alternative proposals from third parties. Tampa-based Quality Distribution operates a chemical bulk logistics network in North America. Deutsche Bank AG New York Branch, Bank of America N.A., Jefferies Finance LLC, MIHI LLC and SunTrust Bank are providing financing. RBC Capital Markets provided financial advice to Quality Distribution.


Apax to exit IGATE in $4 bln deal

Capgemini has agreed to buy IGATEfor $4 billion or $48 a share cash. Bridgewater, New Jersey-based IGATE is a technology and services company. Apax Partners invested in IGATE in 2011.


Centerbridge to buy Banca Farmafactoring

Apax Partners has agreed to sell its stake in Banca Farmafactoring S.p.A. to Centerbridge Partners LP. Financial terms weren’t announced. Banca Farmafactoring, of Milan, is a provider of credit management and non-recourse factoring services to suppliers of the Italian and Iberian public sectors.

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