Latest news with #ApaxPartners
Zawya
3 days ago
- Business
- Zawya
Deals of the day: Mergers and acquisitions
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday: ** German Chancellor Friedrich Merz said on Monday the government had not yet decided whether it would take a stake in the German division of state-owned Dutch power grid operator TenneT and was still in talks with the Netherlands. ** Sands Point Risk has closed its first acquisition with a deal for Pennsylvania-based medical stop-loss MGU BRM Specialty Markets, the latest step in its expansion plans after previously launching in transactional liability and construction, sources familiar with the matter told Program Manager. ** London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (AGA) for about 916.5 million euros ($1.07 billion), the companies said. ** Norwegian online classifieds group Adevinta said it had sold its Spanish business to Swedish private equity firm EQT to focus more on its remaining European units. ** Britain and ChatGPT maker OpenAI have signed a new strategic partnership to deepen collaboration on AI security research and explore investing in British AI infrastructure, such as data centres, the government said on Monday. ** French engine and aircraft equipment maker Safran said it had finalised the acquisition of flight control and actuation activities from Collins Aerospace. ** Power equipment maker GE Vernova will buy France-based Alteia, which makes artificial intelligence-based tools that allow utility companies to review their grids, it said. ** Shares of Brazilian medical diagnostics company Fleury jumped on Monday after reports of a potential acquisition by hospital chain Rede D'Or, which analysts said could generate synergies. ** Eutelsat said it has signed a strategic agreement with the UK government to offer connectivity services through its LEO network for diplomatic missions, law enforcement activities and military operations and critical interventions. ** Titan Company will buy a 67% stake in Dubai-based luxury brand Damas from Qatar's Mannai Corporation at an enterprise value of 1.04 billion dirham ($283.2 million), potentially making it one of the largest Indian jewellers in the Middle East. ** German forklift truck maker Jungheinrich said it had agreed to sell its Russian unit to a Russian financial investor and asset manager, and was cutting its full-year profit forecast as a result. ** Financial software provider SS&C Technologies said it will acquire Carlyle's British fund network and data business Calastone for about 766 million pounds ($1.03 billion). ** Cross-border payments provider IFX Payments said that it is considering withdrawing its takeover offer for Argentex , just days after the British currency risk management company appointed administrators due to a funding shortfall. ** Emirati conglomerate Al-Futtaim is to buy a 49.95% stake in Saudi Arabian franchiser Cenomi Retail in a deal worth more than 2.5 billion riyals ($667 million), Cenomi Retail said in a statement on Sunday. (Compiled by Rajarshi Roy, Prakhar Srivastava and Apratim Sarkar in Bengaluru)
Reuters
4 days ago
- Business
- Reuters
Apax Partners to buy Apax Global Alpha in $1.1 billion deal
July 21 (Reuters) - London-based private equity firm Apax Partners has agreed to acquire Guernsey-based investment company Apax Global Alpha (APAX.L), opens new tab for about 916.5 million euros ($1.07 billion), the companies said on Monday. ($1 = 0.8576 euros)
Entrepreneur
16-07-2025
- Business
- Entrepreneur
Fractal Analytics Raises USD 170 Mn in Secondary Sale
The transaction values the company at USD 2.44 billion. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Fractal Analytics, a global provider of artificial intelligence and advanced analytics solutions, has secured USD 170 million through a secondary share sale. The transaction values the company at USD 2.44 billion. According to a report by the Economic Times, Apax Partners sold 6 percent of its stake to 22 investors, including Trust Investment Advisors. This development comes as Fractal prepares for its initial public offering, aiming to raise between USD 400 million and USD 500 million at a projected valuation of USD 3 billion. The company has appointed Morgan Stanley, Kotak Securities, and Axis Securities to manage the public issue and is working towards filing its draft red herring prospectus. Founded by Srikanth Velamakanni and Pranay Agrawal, Fractal has emerged as a global player in areas such as machine learning, computer vision, quantum computing, and cognitive automation. Nearly 70 percent of its revenue is generated from the United States. Fractal recently expanded into the Generative AI segment with products including Fractal GPT, Flyfish (a digital sales advisor), and Arya (a data science agent). It also launched in 2024, India's first multilingual text-to-image model. Earlier this year, the company invested USD 20 million in a platform focused on driving growth for consumer goods and manufacturing sectors. To date, Fractal has raised approximately USD 855 million, including a USD 360 million round that led to its unicorn status. In fiscal year 2024, the company's Indian unit reported revenue of INR 2,196 crore and a loss of INR 54.7 crore. Fractal employs over 5,000 people across 18 countries, including the USA, UK, India, Singapore, and Australia.
Gulf Business
19-05-2025
- Business
- Gulf Business
Finastra to sell treasury and capital markets unit to Apax Funds
Image: Getty Images/ For illustrative purposes Financial software company Finastra has entered into an agreement to sell its treasury and capital markets (TCM) business unit to an affiliate of private equity advisory firm Apax Partners, the companies said on Monday. The TCM unit, which serves more than 340 financial institutions globally, will be rebranded and operate as a standalone business following the transaction. Finastra said the move would streamline its operations and allow it to reinvest in core areas of its financial services software portfolio. 'This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,' said Finastra CEO Chris Walters. 'It will provide capital to accelerate our strategy and reinvest in our core business.' Finastra TCM offerings TCM's software offerings — including Kondor, Summit, and Opics — support a range of front-to-back office functions in trade lifecycle management, risk, and regulatory compliance. The unit is embedded within the global banking infrastructure and will now look to expand its technological capabilities under Apax ownership. Apax said it sees long-term value in the platform and intends to support the business with investments in product development, marketing, and cloud infrastructure. 'TCM is a robust, mission-critical platform with leading functionality and an impressive customer base,' said Jason Wright, Partner at Apax. 'We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company.' Gabriele Cipparrone, partner at Apax, added: 'With the backing of the Apax Funds, we expect TCM to benefit from accelerated innovation and enhanced operations, delivering even greater value to its clients.' The transaction is expected to close in the first half of 2026, pending customary closing conditions and employee consultations. Financial terms were not disclosed. Finastra counts 45 of the world's 50 largest banks among its clients Apax Funds have a history of investing in software firms, including Paycor HCM, Zellis Group, IBS Software and Azentio, and have completed several corporate carve-outs in the tech sector. Evercore acted as lead financial advisor to Finastra and Vista, with Perella Weinberg Partners also advising Finastra. Deutsche Bank advised Apax. Legal counsel was provided by Kirkland & Ellis for Finastra and Simpson Thacher & Bartlett for Apax. Read:
Finextra
19-05-2025
- Business
- Finextra
Finastra to sell Treasury and Capital Markets business to Apax Partners
Finastra is to sell its Treasury and Capital Markets (TCM) business unit to an affiliate of venture capital firm Apax Partners in a deal estimated at $2 billion, including debt. 1 With a client base of over 340 financial institutions, TCM provides risk management, regulatory compliance, and capital markets operations. Its suite of software products - most notably Kondor, Summit, and Opics - supports front-to-back trade lifecycle management, risk, compliance, and operations. Upon completion of the transaction, TCM will be rebranded and operated as a standalone business. Finastra says the sale will streamline its portfolio and generate capital for reinvestment into its core product suite. 'This sale marks an important milestone for Finastra that will help further launch our next phase of growth with a focused suite of mission-critical financial services software,' says Chris Walters, CEO at Finastra. 'It will provide capital to accelerate our strategy and reinvest in our core business, while providing our award-winning TCM platform with the backing of an experienced, long-term technology investor to support its continued success moving forward." Funds advised by Apax have a long history of investing across the application software industry. Notable investments include Paycor HCM, Zellis Group, ECi Software, OCS / Finwave, Azentio, EcoOnline and IBS Software. Jason Wright, partner at Apax, says of the Finastra carveout: 'We see significant potential to invest in technology, talent, and customer relationships to accelerate innovation and growth as a standalone company, drawing on our 25 years of experience scaling global software companies.' The transaction is expected to close in the first half of 2026.
