PE Tech Report


Like this article?

Sign up to our free newsletter

Apax funds invested EUR2.7bn in 2011

Apax Funds invested EUR2.7 billion during the course of the year and realised EUR2.0 billion, according to the company’s annual report for the year ended 31 December 2011.

Over the past five years the firm’s funds have invested a total of EUR10.3 billion and realised EUR9.8 billion for their investors. Since 1993, the firm has achieved an average return of 2.8x for investors from its buyout investments.

Geographically, in the last couple of years Apax has moved from being a firm that is largely focused on investments in  Europe and the US to the one that analyses opportunities on a truly global basis.  The EUR2.7 billion invested during 2011 reflected this shift and was spread across the firm’s network in Asia, Europe and the US.  The seven investments included:

Trader Canada, a Canadian auto classifieds business

Epicor, an enterprise software business based in the US

KCI, a global wound care products and service firm based in the US

Takko, a discount fashion retail business based in Germany

Orange Switzerland, a Swiss mobile telecommunications firm

iGATE, a US and India-based BPO company

Golden Jaguar – a high-end buffet restaurant chain in China

The resulting breakdown of the Apax portfolio by geography as at 31 December 2011 stood at 57.2% in Europe, 35.4% in North America and 7.4% in the rest of the World.

Like this article? Sign up to our free newsletter