Apax Partners is one of the largest and oldest private equity firms operating internationally since 1969. Headquartered in London, it has offices in several major cities including New York. It has 230 employees and has raised over $5.1 billion in total capital. Apax Partners seeks investment opportunities in consumer, services, health, and technology sectors globally and has had successful exits from investments in companies like Apollo Hospitals in India. Going forward, it plans to invest at least $1 billion in India over the next four years focusing on sectors like IT services and pharmaceuticals.
2. ABOUT APAX PARTNERS
APAX PARTNER IS ONE OF THE LARGEST AND OLDEST PE FIRM OPERATING
ON A INTERNATIONAL BASIS, 1969, 50 YEARS AGO.
HEADQUATERS: LONDON, ENGLAND
OFFICES: NEW YORK
MUMBAI
HONG KONG
TEL AVIV
MUNICH
SHANGHAI
230 EMPLOYEES
3. ABOUT APAX PARTNERS
CEO ANDREW SILLITOE
TOTAL CAPITAL RAISED $5.1B
FOUNDER IS ALAN PATRICOF
ALAN(A) PATRICOF(P) ASSOCIATES(A) CROSS BORDER(X)
5. TIMELINE OF BUYOUTS
2000
YELLOW PAGES SOLD TO APAX PARTNERS FOR $3.5BILLION
2005
APAX PURCHASED A MAJORITY STAKE IN TRAVELEX FOR 1.06B
2006
PURCHASED TOMMY HILFIGER CORPORATION FOR $1.6B
6. TIMELINE OF BUYOUTS
2006
PURCHASED MAJORITY STAKE WITH BAIN CAPITAL AND KKR GROUP IN ROYAL
PHLLIPS ELECTRONICS
PURCHASED MAJOR STAKE IN TELENOR SATELLIE SERVICES
2011-2018
PURCHASED MAJOR STAKE IN ORANGE, TECH COMPANIES AND
THOUGHTWORKS
7. PROCESS
Identify They generate a huge amount of investment ideas. Each of these
ideas is subject to rigorous assessment by the investment team.
When the investment thesis is sufficiently developed, it is brought
before their internal investment committees who assess the
opportunity.
Support They harness the varied array of talents within the firm and their
network of advisers to deliver the best mix of support to the
companies in which the Funds invest.
Realise The average length of an investment by Apax Funds is around
five years. Once the initial investment thesis has been realised, an
exit committee is called to begin discussions about the future
ownership of the business in question.
18. EXIT PROFIT- APOLLO HOSPITALS
19% STAKE SOLD
BOOKED 3.3x PROFIT
BOUGHT AT RS.680CR
EXITED AT RS.2,240CR
19. INDIA STRATEGY
Apax Partners will be looking to invest at least a billion dollars in India over
the next four years as the world's fastest-expanding major economy has
emerged as among the top investment destinations for the European private
equity major, powering its returns globally.
Since opening the Mumbai office in 2007, Apax has deployed $1.5 billion
across six investments in India, two of which have been buyouts.
Going forward, IT services and pharmaceuticals remain focus areas.