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Private Equity
FINANCE | Investment Firms & Funds
apax.com

Investments

291

Portfolio Exits

174

Funds

21

Partners & Customers

5

Service Providers

3

About Apax Partners

Apax Partners focuses on long-term investment in growth companies. Funds advised by Apax Partners invest in five sectors: Financial and Business Services, Healthcare, Media, Retail and Consumer, Tech, and Telecom.

Headquarters Location

33 Jermyn Street

London, England, SW1Y 6DN,

United Kingdom

+44 20 7872 6300

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CB Insights Intelligence Analysts have mentioned Apax Partners in 2 CB Insights research briefs, most recently on Jul 14, 2021.

Latest Apax Partners News

Apax Partners invests 68 million euros in Matchesfashion

Jan 31, 2023

Posted On January 31, 2023 CPP-LUXURY 0 Apax Partners , the London-based buyout firm, has agreed to inject £60m into Matchesfashion , which sells brands including Gucci, Prada and Valentino. The new capital will be split between £40m in equity and £20m in debt, with the latter element expected to be finalised in the short term. The additional financing underlines both the challenges that Apax has faced since acquiring Matchesfashion in 2017 and its confidence in new chief executive Nick Beighton’s turnaround plan. Mr Beighton, the former ASOS boss, was appointed last summer, the latest in a string of CEOs to be hired by Apax during more than five years of ownership. In a statement on Monday responding to an enquiry from Sky News, a spokeswoman for the company said: “Matchesfashion offers luxury brands an exclusive audience and our customers love the service we provide. “Our trading performance has been very strong in recent months and we are well-positioned as a business, having significantly strengthened our top team. “Now, with additional financial support from Apax Funds, we are well-placed to continue to drive our turnaround plan and deliver long-term commercial success.” The business is already said to have seen positive results under Mr Beighton, with one source saying that order demand was up 15% year-on-year during the key pre-Christmas trading period. This period also included Matchesfashion’s biggest-ever trading day, which was up 35% on the prior year, the source added. Its performance is understood to have been especially robust in the Middle East. Apax bought a controlling stake in Matchesfashion in a deal valued at about $1bn, but the investment has been beset by operational problems. Mr Beighton was drafted in to replace Paolo De Cesare, who joined the company as chief executive just ten months earlier. The former ASOS chief’s arrival made him the fourth boss of Matches in less than three years.In November 2021, its accounts flagged “material uncertainty” over its future without an improvement in its trading performance. Its fortunes resembled those of many online fashion retailers, which saw a COVID-inspired sales bounce evaporate. Mr Beighton spent more than a decade at ASOS, initially as chief financial officer before becoming CEO in 2015. He helped grow the company from £178m in revenue and 150 people when he joined, to sales of £3.9bn and a workforce of 15,000, including warehouse staff, when he left. Matches was founded at a single store in London in 1987, and now boasts 50 million visitors annually to its site. Its closest rivals include Farfetch and Net-a-Porter. Matchesfashion Follow us

Apax Partners Investments

291 Investments

Apax Partners has made 291 investments. Their latest investment was in Matches Fashion as part of their Private Equity on January 1, 2023.

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Apax Partners Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

1/30/2023

Private Equity

Matches Fashion

$49.5M

Yes

5

9/12/2022

Private Equity

Pandat Finance

Yes

1

2/14/2022

Series E

YunZhangFang

$100M

Yes

2

2/9/2022

Secondary Market

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10

5/24/2021

Series B

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$99M

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10

Date

1/30/2023

9/12/2022

2/14/2022

2/9/2022

5/24/2021

Round

Private Equity

Private Equity

Series E

Secondary Market

Series B

Company

Matches Fashion

Pandat Finance

YunZhangFang

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Amount

$49.5M

$100M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

5

1

2

10

10

Apax Partners Portfolio Exits

174 Portfolio Exits

Apax Partners has 174 portfolio exits. Their latest portfolio exit was Kepro on November 09, 2022.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/9/2022

Merger

$99M

7

10/6/2022

Acq - Fin - II

$99M

7

6/9/2022

Acquired - II

$99M

1

6/6/2022

Acq - Fin - II

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$99M

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10

12/3/2021

Acquired

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$99M

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10

Date

11/9/2022

10/6/2022

6/9/2022

6/6/2022

12/3/2021

Exit

Merger

Acq - Fin - II

Acquired - II

Acq - Fin - II

Acquired

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Acquirer

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Sources

7

7

1

10

10

Apax Partners Acquisitions

143 Acquisitions

Apax Partners acquired 143 companies. Their latest acquisition was MailInBlack on September 12, 2022.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

9/12/2022

Other Venture Capital

$99M

$16.16M

Acq - Fin

3

7/25/2022

$99M

Acq - Fin

1

7/19/2022

$99M

Acq - Fin - II

2

6/7/2022

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$99M

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10

2/14/2022

Private Equity

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$99M

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10

Date

9/12/2022

7/25/2022

7/19/2022

6/7/2022

2/14/2022

Investment Stage

Other Venture Capital

Private Equity

Companies

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Valuation

$99M

$99M

$99M

$99M

$99M

Total Funding

$16.16M

Note

Acq - Fin

Acq - Fin

Acq - Fin - II

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Sources

3

1

2

10

10

Apax Partners Fund History

21 Fund Histories

Apax Partners has 21 funds, including Apax Digital Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

9/24/2021

Apax Digital Fund II

$1,750M

2

7/22/2021

Apax Midmarket X

$1,893.94M

1

1/29/2021

Apax X USD

$11,000M

3

9/5/2017

Apax Digital

$99M

10

12/20/2016

Apax IX

$99M

10

Closing Date

9/24/2021

7/22/2021

1/29/2021

9/5/2017

12/20/2016

Fund

Apax Digital Fund II

Apax Midmarket X

Apax X USD

Apax Digital

Apax IX

Fund Type

Status

Amount

$1,750M

$1,893.94M

$11,000M

$99M

$99M

Sources

2

1

3

10

10

Apax Partners Partners & Customers

5 Partners and customers

Apax Partners has 5 strategic partners and customers. Apax Partners recently partnered with Destiny on November 11, 2019.

Date

Type

Business Partner

Country

News Snippet

Sources

11/26/2019

Partner

Belgium

Apax Partners succeeds Mentha Capital as investor in Destiny Group

Daan De Wever , CEO and co-founder of Destiny , said : `` I 'm excited about the opportunity to partner with Apax Partners in the next phase of Destiny 's growth .

1

10/4/2016

Partner

United States

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10

4/18/2016

Partner

Ireland

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10

12/22/2012

Partner

Germany

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10

Partner

United States

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10

Date

11/26/2019

10/4/2016

4/18/2016

12/22/2012

Type

Partner

Partner

Partner

Partner

Partner

Business Partner

Country

Belgium

United States

Ireland

Germany

United States

News Snippet

Apax Partners succeeds Mentha Capital as investor in Destiny Group

Daan De Wever , CEO and co-founder of Destiny , said : `` I 'm excited about the opportunity to partner with Apax Partners in the next phase of Destiny 's growth .

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Sources

1

10

10

10

10

Apax Partners Service Providers

9 Service Providers

Apax Partners has 9 service provider relationships

Service Provider

Associated Rounds

Provider Type

Service Type

Acq - Fin

Investment Bank

Financial Advisor

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Service Provider

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Associated Rounds

Acq - Fin

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Provider Type

Investment Bank

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Service Type

Financial Advisor

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Partnership data by VentureSource

Apax Partners Team

13 Team Members

Apax Partners has 13 team members, including current Chief Executive Officer, Martin Halusa.

Name

Work History

Title

Status

Martin Halusa

Chief Executive Officer

Current

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Name

Martin Halusa

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Work History

Title

Chief Executive Officer

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Status

Current

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