Apax Partners
| Apax Partners, LLP
|
|
|---|---|
 |
|
| legal form | Limited partnership |
| founding | 1972 |
| Seat | London , UK |
| management | Mitch Truwit and Andrew Sillitoe (CEOs) |
| Number of employees | 238 |
| sales | 163.65 million GBP approx. 182.84 million EUR |
| Branch | Private equity |
| Website | www.apax.com |
| As of March 31, 2019 | |
Apax Partners, LLP ( Apax for short ) is a private equity investor . The company operates in the United States , Europe and Israel .
Company profile
Apax has approximately $ 20 billion in deposits worldwide and focuses on the telecommunications, IT, retail, media, healthcare and financial services industries.
Participations in Germany
There are or have been commitments in the following German companies:
- Bundesdruckerei , acquired in 2000, sold in 2002 in the context of impending insolvency.
- Ciao.de , original start-up investment in 2000, exit in September 2005.
- Kabel Deutschland , acquired in 2003 together with Goldman Sachs Capital Partners and Providence Equity, sold all shares in Providence Equity in 2006.
- CBR Holding , acquired together with Cinven in 2004 , sold to EQT in 2007 .
- LR Health & Beauty Systems GmbH, took over a minority stake at the end of 2004 and owned the majority in the company from January 2009 to December 2012, which was then sold.
- Tropolys , acquired in 2004 and merged with Versatel Germany in 2006 ; Versatel has been listed on the stock exchange since April 2007, and Apax remains a major shareholder.
- Netrada (formerly D + S Europe) , April 2008; sold to Arvato in January 2014
- Sophos , in May 2010, 70 percent of the company's shares were acquired
- Takko , since December 2010
- neuraxpharm Arzneimittel GmbH, all shares were taken over in 2016.
Worldwide participations outside of Germany
- Merlin Entertainments Group , management buy-out 1999, financed by Royal Bank of Scotland and recapitalized by HypoVereinsbank, sold to Hermes Private Equity in 2004
- Matterhorn Mobile SA, 100% owner of the Swiss telecommunications company Salt Mobile .
history
In 1972 the British Sir Ronald Cohen (* 1945), born in Egypt as the son of Jewish immigrants, founded the venture capital company Multinational Management Group . In cooperation with his business partner Maurice Tchénio, offices were opened in England, France and the USA under the name MMG .
Independent of this development, the American Alan Patricof (* 1934) founded the company Alan Patricof Associates (APA) in the USA in 1969 . In 1977 the three founders merged to form APAX . In 1980 the first fund was launched in the USA for 25 million US dollars, followed in 1981 by the first fund in England for a total of 10 million pounds.
At the insistence of investors, the first pan-European fund was founded in 1999 to bundle the activities of the European and Israeli offices. In the same year the Apax Globis Fund was set up in Japan.
In 2001 the name of the US company was renamed Apax Partners Inc. , and in 2002 the offices in Europe and the USA merged to form Apax Partners Worldwide LLP . The French activities, however, run largely independently under their own funds.
After Ronald Cohen announced that he would retire from management, Martin Halusa headed the company as global CEO from January 2004 to January 2014 . Patricof also left the company and founded the holding company Greycroft . Tchénio is the current Chairman and CEO of the French Apax Partners SA .
In April 2005 the merger with Saunders Karp & Megrue, a US company specializing in takeovers, took place. Since then, both companies have operated under the name Apax Partners, LP. In the same year, Apax Partners bought Tommy Hilfiger Corporation , which previously belonged to fashion designer Tommy Hilfiger , for 1.6 billion dollars. The Tommy Hilfiger Corporation had also owned the Karl Lagerfeld SAS brand since the end of 2004 .
In March 2010 it was announced that the American fashion group Phillips-Van Heusen will take over the Tommy Hilfiger Corporation from Apax Partners for the equivalent of 2.2 billion euros by autumn 2010 at the latest. The Karl Lagerfeld SAS brand is not part of the sale and remains with Apax Partners. On February 29, 2012, Apax bought the cell phone brand "Orange Switzerland" for the equivalent of 1.6 billion Swiss francs.
In July 2016, Apax Partners sold its stake in Epicor to KKR for an undisclosed amount .
Current holdings
As of February 2020:
| Companies | activity | Seat | Year of purchase |
|---|---|---|---|
| ADCO Group | Sanitary systems | Ratingen, Germany | 2019 |
| Aptos, Inc. | technology | Saint-Laurent (Montreal) , Canada | 2015 |
| AssuredPartners | Lake Mary (Florida) , USA | 2015 | |
| Attenti | Tel Aviv, Israel | 2017 | |
| Authority Brands | Suite, USA | 2018 | |
| Baltic Classifieds Group | Vilnius, Lithuania | 2019 | |
| BoatsGroup | software | Miami, USA | 2016 |
| Candela | Medical technology | United States | 2017 |
| Cengage learning | Stamford, Connecticut | 2007 | |
| ClassPass | software | New York, USA | 2020 |
| Cole Haan | new York | 2012 | |
| Duck Creek Technologies | software | Boston, USA | 2016 |
| ECi | software | Fort Worth, USA | 2017 |
| Engineering | software | Rome, Italy | 2016 |
| General Healthcare Group | Clinic operator | London | 2006 |
| Genius Sports | technology | London , UK | 2018 |
| Global-e | E-commerce | Petach Tikva, Israel | 2018 |
| Go Global Travel | Travel technology | Bnei-Brak, Israel | 2017 |
| Guotai Junan Securities | Financial technologies | Shanghai, People's Republic of China | 2017 |
| Healthium MedTech | medicine | Bangalore, India | 2018 |
| Huayue Education | education | Beijing, People's Republic of China | 2019 |
| Ideal protein | Diet products | Gatineau | 2015 |
| idealista | Madrid | 2015 | |
| Inmarsat | Satellites | London, UK | 2019 |
| Karl Lagerfeld | Fashion | Paris , France | 2006 |
| Kepro | Harrisburg, USA | 2017 | |
| Lexitas | technology | Houston, USA | 2019 |
| Manappuram Finance | Finances | Thrissur, India | 2017 |
| Matchesfashion | Fashion | London, UK | 2017 |
| Max | retail trade | Israel | 2017 |
| MetaMetrics | technology | Durham, USA | 2019 |
| Moda operandi | Online trade | New York, USA | 2017 |
| Neuraxpharm | Pharma | Luxembourg | 2016 |
| Paycor | software | Cincinnati, USA | 2018 |
| Psagot | Tel Aviv | 2010 | |
| Quality distribution | Tank truck transport | Tampa | 2015 |
| Ramet Trom | construction materials | Or Yehuda, Israel | 2018 |
| SR Accord | Finances | Ramla, Israel | 2019 |
| Safetykleen | chemistry | Brentford, UK | 2017 |
| Schulz Catering | Ramat Gan , Israel | 2015 | |
| Shriram City Union Finance | Mylapore , India | 2015 | |
| Signavio | software | Berlin, Germany | 2019 |
| Solita | Digital technology | Tampere, Finland | 2018 |
| Sophos | Computer "security" | Abingdon | 2010 |
| SoYoung | Online trade | People's Republic of China | 2018 |
| Takko fashion | Clothing chain | Telgte , Germany | 2011 |
| Ten10 | Gas stations | Natania, Israel | 2017 |
| Thought Works | software | Chicago, United States | 2017 |
| TIVIT | São Paulo , Brazil | 2010 | |
| Tosca Services | logistics | Atlanta, United States | 2017 |
| Trade Me | marketing | Auckland, New Zealand | 2019 |
| Unilabs | Diagnosis | Geneva , Belgium | 2017 |
| Vyaire Medical | Medical technology | Lake Forest, United States | 2016 |
| Wehkamp | Zwolle , Netherlands | 2015 | |
| Wizeline | software | San Francisco, United States | 2018 |
| Zap Group | Petach Tikwa , Israel | 2015 | |
| Zensar Technologies | Pune , India | 2015 |
Individual evidence
- ^ Apax Partners-elects Andrew Sillitoe and Mitch Truwit as the Firm's new Co-CEOs , December 5, 2013
- ↑ a b Group of companies' accounts made up to 31 March 2019 , accessed on 16 February 2020
- ↑ AvW has sold D + S stake in Apax boerse-express.com on April 16, 2008
- ↑ Tom Espiner, Jan Kaden: Investors take over 70 percent of Sophos , ZDnet.de, May 5, 2010
- ↑ dgap.de, accessed February 18, 2013
- ↑ http://www.lrworld.com/lrweb/uploads/tx_downloadtabelle/LR_goingpublic_jan_2009.pdf
- ^ [1] Matterhorn Mobile SA, owner of Orange CH
- ↑ Profit is good for the diversity of the press , Berliner Zeitung of April 13, 2004
- ↑ Tommy Hilfiger is acquired by Apax Partners for $ 1.6 billion finanzen.net on December 23, 2005
- ↑ Tommy Hilfiger takes over Lagerfeld brands textilwirtschaft.de on December 13, 2004
- ↑ Tommy Hilfiger hatches from Calvin Klein at manager-magazin.de on March 15, 2010
- ↑ Tommy Hilfiger and Calvin Klein in one hand ( Memento from March 18, 2010 in the Internet Archive ) tagesschau.de from March 15, 2010, accessed on March 13, 2015 (English).
- ↑ Phillips-Van Heusen buys Tommy Hilfiger textilwirtschaft.de on March 15, 2010
- ↑ Hilfiger: Karl Lagerfeld stays with Apax textilwirtschaft.de from March 17th, 2010
- ↑ Change of ownership at ERP provider Epicor - silicon.de. July 7, 2016, accessed September 13, 2016 .
- ^ All Investments , accessed February 16, 2020