European PE Firm Apax Sells 10% Stake to Asian-Pacific Investors
Posted on 02/23/2009
Apax Partners has secured deals to sell holdings in its management company to two Asian-Pacific investors after protracted discussions with three parties. The sale should buttress the private-equity firm at a time when fund-raising is at a low and portfolio valuations are coming under pressure. GIC Special Investments, the private-equity arm of sovereign-wealth fund Government […]
