159 Views

Apax to buy Azelis

3i has agreed to sell Atlas Holding SA, the holding company of the Azelis Group, to Apax Partners. Financial terms weren’t announced. Azelis is a pan-European speciality chemical distributor. 3i acquired a majority of Azelis in 2007. JP Morgan is providing financing. UBS acted as financial advisor to the Apax funds while Greenhill acted as financial advisor to 3i.

151 Views

Apax Partners offers to buy Norwegian IT firm EVRY

Apax Partners has agreed to make a cash offer of 16 kroner per share for EVRY. ABG Sundal Collier is serving as financial advisor to EVRY while Bank of America Merrill Lynch and DNB Markets are financial advisors to Apax. Based in Norway, EVRY is an IT services provider.

348 Views

Cognizant completes TriZetto acquisition

Cognizant has closed its buy of TriZetto Corp, a manager of health benefits. No financial terms were disclosed; although previous news items tagged the amount at $2.7 billion. Previously, TriZetto was owned by Apax Partners.

107 Views

Bain, Apax join bid battle for Portugal Telecom-Reuters

Private equity firms Bain Capital and Apax Partners have launched a bid worth 7.075 billion euros ($8.8 billion) to buy the Portuguese operating business of Portugal Telecom from Brazil’s Oi (OIBR3.SA), rivalling an offer from European telecoms group Altice (ATCE.AS), Reuters reported.

218 Views

PE-owned Epicore to acquire QuantiSense

Epicore Software Corp., which is owned by Apax Partners, has agreed to buy QuantiSense. No financial terms were disclosed. The deal is expected to be completed by October 31, 2014. QuantiSense is a provide of analytics for the retail sector.

132 Views

Keek taps Broadway Video Ventures president for board

Toronto-based Keek, a free social video platform provider, has appointed David Birnbaum to its board of directors. Birnbaum is the president of Broadway Video Ventures, the corporate strategy, investment and acquisition arm of Broadway Video Entertainment. He is also a former investment professional at Apax Partners.

174 Views

Apax Partners to acquire Dutch software firm Exact

Apax Partners has agreed to buy Exact Holding for 730 million euros, the latter firm confirmed on its site. Rothschild and Lazard are providing financial advice to Exact on the transaction while Leonardo & Co., RBC Capital Markets, Deutsche Bank and ING Corporate Finance are serving as financial advisors to Apax. Based in The Netherlands, Exact is a business software provider. To read the announcement, visit here.

195 Views

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.

158 Views

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.

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