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History

The development of Apax Partners

The firm’s history is interwoven with the development of private equity in Europe and the US. Founded nearly 50 years ago on both sides of the Atlantic, the firm has successfully raised and advised over 30 funds.

Originally born as a venture capital business, pioneering venture investing, the firm evolved over subsequent decades developing a more specialist sector focus. At the same time, Apax raised larger funds, increasingly focusing on global buy-out and growth opportunities over venture capital.

The firm also evolved into synergistic strategies, subsequently launching the Apax Mid-market Israel Opportunities Fund, Apax Global Alpha which was listed on the Main Market of the LSE in 2015, and the Apax Digital Fund, the firm’s first dedicated Digital fund focused on minority and growth tech equity investments.

Throughout its history Apax has retained its strong focus on sector expertise and growth, drawing on the operational as well as industry backgrounds of its investment professionals to gain competitive advantage. In the last ten years we have complemented this approach with a focus on digital transformation, working with companies to inspire growth.

2010s
2017
Apax Digital Growth RGB
Apax launches first dedicated Digital growth fund

Raises $1bn for Apax Digital Fund

2016
Apax Global Buyout RGB
Apax raises $9bn global buyout fund

Apax raises Apax IX, its second global buyout fund

2015
Apax raises first AMI Opportunities fund

$504m raised for dedicated Israel-focused fund

2015
Apax Global Alpha lists on the LSE

AGA lists on the Main Market of the LSE under the ticker APAX

2014
History 0000 Co CEO (002)
Succession

Andrew Sillitoe and Mitch Truwit elected Co-CEOs, succeeding Martin Halusa, who became Chairman

2012
Apax Global Buyout RGB
Apax raises $7.5bn global buy-out fund

Apax VIII, Apax's first global fund

2011
London
KnowledgeNow

The Operational Excellence Practice holds its first KnowledgeNow event in London

2000s
2008
Shanghai
Office opening in China

Shanghai office opens

2007
Apax RGB
Apax raises c. €12bn in new funds

Apax raises Apax Europe VII, the largest ever European private equity fund alongside the US VII fund

2006
Mumbai
Office opening in India

Mumbai office opens

2006
Apax RGB
Apax raises €4.3bn fund

Apax Partners raises over €4bn for Apax Europe VI

 

2005
Hong Kong
China

Hong Kong office opens

2004
Succession

Martin Halusa elected CEO to succeed founder Sir Ronald Cohen

2002
Apax RGB
Apax Partners LLP established

European and US operating companies merge to become Apax Partners LLP

2001
Apax raises €4.4bn European fund

Apax raises Europe V, the largest European private equity fund at the time

2000
Apax raises over a billion for US fund

Apax raises $1.1 bn for Excelsior VI

1990s
1999
First pan-European fund and Apax Israel II raised

Apax raises €1.8bn and $102.5m respectively

 

 

1994
Israel Growth Fund raised

Over $40m raised for new fund

 
1994
Office opening in Israel

Tel Aviv office opens

1990
Office opening in Germany

Munich office opens

1980s
1981
First fundraises in UK & US

The UK and US firms which later merged, laying the foundation for Apax, raised their first funds – Venture Capital Fund in Europe and Excelsior Fund in the US