Apax Partners
Apax Partners LLP is a global private equity firm headquartered in London, investing in buyout and growth deals across the Tech, Services, Healthcare and Internet/Consumer sectors. The firm is authorised by the UK Financial Conduct Authority under FRN 119175. Since inception Apax has raised aggregate commitments of more than USD 77 billion across all of its funds.
Apax Partners is a London buyout firm with €70.8B AUM, 71 active companies and 16 exits.
- ·9 exits in the last 5 years · consistent DPI cadence.
- ·Average hold across 16 realized deals: 5 years.
- ·Best return: 4.2x MOIC on Boats Group (2021).
- ·Fund cadence: ~2Y between vintages · last raise 2024.
Sector breakdown
83 companiesGeography breakdown
18 geographiesKey facts
Recent exits
Apax Partners sold Faculty to Accenture in 2026 after 5 years.
Apax Partners sold Paycor HCM to Paychex in 2025 after 7 years.
Apax Partners sold AssuredPartners to Arthur J. Gallagher in 2025 after 6 years.
Apax Partners took Genius Sports public in 2024 after 6 years.
Coverage notes
7 funds tracked, 87 portfolio companies (71 active · 16 realized). Verified weekly from public filings and deal announcements.
Funds & portfolio
Every fund Apax Partners has raised, with its portfolio companies. Hand-checked from public filings.
Apax XIBuyout2024€11.0B12 assets1 exitsBuyout2024 · 2yr€11.0B121
Unrealized
12 held| Company | Entry |
|---|---|
| Altus Fire & Life Safety Business Services · US | 2024 |
| atHome PropTech · Italy | 2025 |
| Centor Industrials · US | 2026 |
| CohnReznick Business Services · US | 2025 |
| Evelyn Partners (S&W Group) Financials · UK | 2025 |
| Norva24 Business Services · Norway | 2025 |
| Primary Packaging Plastics Industrials · Germany | 2026 |
| Sedex Data & Analytics · UK | 2026 |
| Teciem Fintech · UK | 2026 |
| WGSN Data & Analytics · UK | 2024 |
| Yad2 E-commerce · Israel | 2025 |
| Zellis Group SaaS · UK | 2024 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Metaware Software · France | 2016 | 2018 | Trade Sale | Mannai Corporation | – |
Apax Global Impact FundImpact2023€828M3 assetsImpact2023 · 3yr€828M3–
Unrealized
3 held| Company | Entry |
|---|---|
| Foods Connected SaaS · UK | 2025 |
| Integrated Environmental Solutions ClimateTech · UK | 2024 |
| OCS Business Services · Italy | 2023 |
Apax Digital Fund IIGrowth2022€1.6B15 assetsGrowth2022 · 4yr€1.6B15–
Unrealized
15 held| Company | Entry |
|---|---|
| atHome Group PropTech · Luxembourg | 2025 |
| CEME Construction · France | 2022 |
| DLRdmv SaaS · US | 2025 |
| EcoOnline SaaS · Norway | 2022 |
| Finwave SaaS · Italy | 2023 |
| GAN Integrity SaaS · Denmark | 2023 |
| greytHR HR Tech · India | 2024 |
| Magaya SaaS · US | 2023 |
| Mailinblack Cybersecurity · France | 2022 |
| MillTech Fintech · UK | 2026 |
| PetDesk SaaS · US | 2023 |
| RapidSOS AI/ML · US | 2025 |
| Swing Education EdTech · US | 2023 |
| Vitaprotech Cybersecurity · France | 2022 |
| Xeneta Data & Analytics · Norway | 2022 |
Apax XBuyout2021€10.1B15 assets1 exitsBuyout2021 · 5yr€10.1B151
Unrealized
15 held| Company | Entry |
|---|---|
| Azentio SaaS · Singapore | 2021 |
| Bazooka Candy Brands Consumer · US | 2023 |
| Eating Recovery Center Healthcare · US | 2021 |
| IBS Software SaaS · India | 2023 |
| Lutech IT Services · Italy | 2021 |
| Nulo Consumer · US | 2021 |
| Odido Telecom · Netherlands | 2022 |
| Ole Smoky Distillery Consumer · US | 2022 |
| OnCourse Home Solutions Business Services · US | 2021 |
| Palex Medical MedTech · Spain | 2023 |
| PIB Limited Financials · US | 2021 |
| PIB plc Financials · UK | 2021 |
| Pickles Auctions E-commerce · Australia | 2022 |
| Rodenstock MedTech · Germany | 2021 |
| SavATree Business Services · US | 2021 |
Realized
1 exit| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Paycor HCM SaaS · US | 2018 | 2025 | Trade Sale | Paychex | – |
Apax Digital FundGrowth2017€920M10 assets3 exitsGrowth2017 · 9yr€920M103
Unrealized
10 held| Company | Entry |
|---|---|
| BIP (Business Integration Partners) Business Services · Italy | 2018 |
| Crosscall Consumer · France | 2018 |
| Fractal Analytics AI/ML · India | 2019 |
| Graitec SaaS · France | 2020 |
| MetaMetrics EdTech · US | 2019 |
| Moda Operandi E-commerce · US | 2017 |
| Pricefx SaaS · Germany | 2020 |
| Prove Fintech · US | 2020 |
| Tide Fintech · UK | 2021 |
| Unilabs Healthcare · Switzerland | 2017 |
Realized
3 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Faculty AI/ML · UK | 2021 | 2026 | Trade Sale | Accenture | – |
| Genius Sports Data & Analytics · UK | 2018 | 2024 | IPO | Public market | – |
| Signavio SaaS · Germany | 2019 | 2021 | Trade Sale | SAP | – |
Apax IXBuyout2016€8.3B11 assets4 exitsBuyout2016 · 10yr€8.3B114
Unrealized
11 held| Company | Entry |
|---|---|
| Accurate Background HR Tech · US | 2020 |
| Authority Brands Business Services · US | 2018 |
| Candela MedTech · US | 2017 |
| Coalfire Systems Cybersecurity · US | 2020 |
| ECi Software Solutions SaaS · US | 2017 |
| Lexitas Business Services · US | 2019 |
| Safetykleen Business Services · UK | 2017 |
| ThoughtWorks IT Services · US | 2017 |
| Toi Toi & Dixi Business Services · Germany | 2019 |
| Tosca Services Logistics · US | 2017 |
| Trade Me E-commerce · New Zealand | 2019 |
Realized
4 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| AssuredPartners Financials · US | 2019 | 2025 | Trade Sale | Arthur J. Gallagher | – |
| Baltic Classifieds Group E-commerce · Lithuania | 2019 | 2021 | IPO | – | – |
| Healthium MedTech MedTech · India | 2018 | 2024 | Trade Sale | KKR | – |
| Inmarsat Telecom · UK | 2019 | 2023 | Trade Sale | Viasat | – |
Apax VIIIBuyout2013€6.9B1 assets7 exitsBuyout2013 · 13yr€6.9B17
Unrealized
1 held| Company | Entry |
|---|---|
| Europe Snacks Consumer · France | 2013 |
Realized
7 exits| Company | Entry | Exit | Type | Buyer | MOIC |
|---|---|---|---|---|---|
| Boats Group E-commerce · US | 2016 | 2021 | Secondary | Permira | 4.2x |
| Duck Creek Technologies SaaS · US | 2016 | 2020 | IPO | – | – |
| GardaWorld Business Services · Canada | 2012 | 2017 | Trade Sale | Rhone Capital | – |
| GENEX Services Healthcare · US | 2014 | 2018 | Secondary | Stone Point Capital | – |
| idealista PropTech · Spain | 2015 | 2020 | Secondary | EQT | – |
| Neuraxpharm Pharma · Germany | 2016 | 2020 | Secondary | Permira | 3.5x |
| Paradigm TMT · US | 2012 | 2017 | Trade Sale | Emerson Electric | – |
Other portfolio companies
4 more Apax Partners investments not tied to a tracked fund.
- Frans Bonhomme · Construction · France · 2003
- LaNetro · TMT · Spain · 2005
- Plantasjen · Consumer · Norway · 2007
- Prosodie · IT Services · France · 2007
About Apax Partners
Apax Partners is one of the oldest international private equity firms with approximately $77-80 billion of aggregate capital raised across its history, headquartered in London with offices in New York, Munich, Tel Aviv, Mumbai, Shanghai, Hong Kong and Abu Dhabi. The firm was founded in 1981 and has developed its sector-led investment approach across more than four decades of buyout, growth and digital investing. Apax remains a partner-owned private partnership. The most recent flagship buyout vehicle, Apax XI, closed in 2024 at its $12 billion hard cap, with continued deployment across the platform's other active strategies.
Investment thesis
Apax deploys capital through approximately 12 to 15 active vehicles spanning global buyout (Apax X and Apax XI), digital growth, global impact, mid-market Israel and credit strategies, with sector specialisation across technology, services, internet and consumer and healthcare. The firm's value-creation model combines sector-led origination with an in-house Operational Excellence Practice and the KnowledgeNow Network connecting portfolio executives globally. Capital is deployed into majority and significant minority stakes in profitable European, North American, Asian and selectively emerging-market companies, with average equity tickets calibrated to the upper end of the European and global buyout market.
Recent activity
Recent realised exits include realisations across technology and AI services (2026), analytics and technology (2026) and professional services across 2025. Recent acquisitions include Yad2 (internet and consumer classifieds, 2025) and the Evelyn Partners professional services arm (services, 2025). Apax continues to deploy capital across its current Apax XI vintage while expanding the digital growth and mid-market Israel strategies.
Frequently asked questions
- What investment strategy does Apax Partners focus on?
- Apax Partners focuses on Buyout, Growth strategies in the private equity space.
- How many portfolio companies does Apax Partners have?
- Apax Partners has 71 active portfolio companies and 16 completed exits and 7 funds tracked on GP Intel.
- Where is Apax Partners headquartered?
- Apax Partners is headquartered in London, United Kingdom.
- What is Apax Partners's assets under management?
- Apax Partners manages approximately €70.8B in assets under management.
- When was Apax Partners founded?
- Apax Partners was founded in 1981.
- What sectors does Apax Partners invest in?
- Apax Partners invests across TMT, Software, Healthcare, Consumer, Business Services, Financials.
- What are Apax Partners's recent exits?
- Recent realized exits by Apax Partners include: Faculty (2026) to Accenture; Paycor HCM (2025) to Paychex; AssuredPartners (2025) to Arthur J. Gallagher; Genius Sports (2024) to Public market; Healthium MedTech (2024) to KKR; Inmarsat (2023) to Viasat; Signavio (2021) to SAP; Boats Group (2021) to Permira, 4.2x.
Similar firms
Other private equity firms tracked on GP Intel.