Apax Partners

Apax Partners, L.P. (short Apax ) is an investment company for private equity. The company operates in the U.S., Europe and Israel.

Company Profile

Apax clients worldwide about 20 billion U.S. dollars in deposits and sees his investment focus in the telecommunications, IT, Retail, Media, Healthcare and Financial Services.

Investments in Germany

There are and were, among other engagements in the following German companies:

  • Federal printing company acquired in 2000, sold in 2002 as part of an impending insolvency.
  • Ciao.de, original start -up investment in 2000, phase-out in September 2005.
  • Cable Germany, 2003 purchased together with Goldman Sachs Capital Partners and Providence Equity, issued all shares Providence Equity in 2006.
  • CBR Holding GmbH, acquired alongside Cinven 2004, 2007 sold to EQT.
  • LR Health & Beauty Systems GmbH, acquired a minority stake in late 2004 and meanwhile has (as of January 2009), the majority in the company.
  • Tropolys, acquired in 2004 and 2006 merged with Versatel Germany; since April 2007, Versatel is on the stock exchange, Apax is also 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 shares were acquired
  • Takko, since December 2010

Worldwide investments outside Germany

  • Merlin Entertainments Group, a management buy -out in 1999, funded by Royal Bank of Scotland and recapitalized by HypoVereinsbank, 2004 sales of Hermes Private Equity
  • Matterhorn Mobile SA, 100% owner of the Swiss telecommunications company Orange

History

In 1972 was born the son of Jewish immigrants in Egypt Briton Sir Ronald Cohen founded ( b. 1945 ), the venture capital firm Multinational Management Group. In collaboration with his business partner Maurice Tchénio offices in England, France and the U.S. were opened under the name of MMG.

Regardless of this development, founded the American Alan Patricof ( born 1934 ) in 1969 in the U.S., the company Alan Patricof Associates ( APA). 1977 closed the three founders together to APAX. In 1980, the first fund was issued more than 25 million U.S. dollars in the U.S. in 1981 was followed by the first fund in England over the sum of 10 million pounds.

At the insistence of investors in the first pan- European fund was founded in 1999, which was to combine the activities of European and Israeli offices. In the same year the Apax Globis funds in Japan was set up.

2001, the name of the U.S. company was renamed Apax Partners Inc., 2002, the offices closed in Europe and the U.S. to Apax Partners Worldwide LLP together. The French activities, however, run largely independently under its own funds.

After the announcement Ronald Cohen, he wanted to retire from the Board, in January 2004 is Martin Halusa as Worldwide CEO the company. Patricof also resigned from the company and founded the private equity firm Greycroft. Tchénio is the current Chairman and CEO of the French Apax Partners SA.

In April 2005, the merger with Saunders Karp & Megrue, a firm specializing in acquisitions, U.S. companies took place. Both companies operate since under the name of Apax Partners, LP That same year, Apax Partners had the Tommy Hilfiger Corporation, which previously belonged even to the designers Tommy Hilfiger, bought for 1.6 billion dollars. For Tommy Hilfiger Corporation since the end of 2004 also included the Karl Lagerfeld SAS brand.

In March 2010 it was announced that the American fashion group Phillips-Van Heusen for the equivalent of 2.2 billion euros which will take Tommy Hilfiger Corporation of Apax Partners to autumn 2010 at the latest. The Karl Lagerfeld SAS brand is not part of the sale and remains at Apax Partners. On February 29, 2012 Apax bought the Swiss mobile brand "Orange Switzerland " for the equivalent of 1.6 million Swiss francs.

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