Apax news and archive

Takko Fashion raises funds to reduce debt, expand presence

European fashion discounter Takko Fashion has entered into an agreement with funds advised by Apax, its bondholders and banks to secure a new, right sized capital structure. The company expects this action to substantially reduce debt resulting in a strengthened financial profile and extend the debt maturity, enabling Takko Fashion to continue...

BusinessFeatured

Apax reportedly injects 60 million pounds into Matchesfashion

Apax Partners, the parent organisation of Matchesfashion, is said to have agreed to inject 60 million pounds into the luxury retailer to support its revival. The private equity firm has reportedly split the funding between 40 million pounds in equity and 20 million pounds in debt, the latter of which is expected to finalise in the short term....

Business

Apax Partners bids strongly on digital retail with 1 billion dollars dedicated fund

Private equity advisory firm Apax Partners LLP has raised a technology-focused fund, called Apax Digital, with 1 billion dollars in capital commitments. The fund’s first investment has gone towards online retail platform Moda Operandi. The Anglo-American private equity firm has raised and advised more than 48 billion dollars in assets under...

BusinessFeatured

Apax acquires Matchesfashion.com majority stake

Matchesfashion.com have confirmed venture capital group Apax Investments have acquired a majority stake in the company for an undisclosed amount. According to media reports the value of the London-based fashion emporium is in the realm of 800 million pounds, which sees founders Tom and Ruth Chapman, Scottish Equity Partners and Highland Europe...

Business|UPDATE Featured

Shop Direct calls off plans for a potential sale of its business

London - Plans for a potential sale of part, or all, of British online retail group Shop Direct, have been called off by the billionaire Barclay brothers, following ongoing political and economical uncertainty. Frederick and David Barclay, who also own the Telegraph newspaper, issued a statement Thursday morning after reviewing their options for...

Business

Private equity firms prepare final bids for Shop Direct

Liverpool-headquartered Shop Direct is set to receive binding offers from three private equity funds. Apax Partners, BC Partners and Hellman & Friedman are said to be preparing their final offers for the online retailer, which is currently valued at 3 billion pounds according to reports from Reuters. The three companies are understood to have...

RetailFeatured

Sycamore close to finalizing deal on Hunkemöller acquistion

London - One of Europe's largest lingerie brands is set to fall into American hands, as Dutch label Hunkemöller is said to be close to be finalizing a deal with US private equity firm Sycamore Partners. Sources close to the matter have revealed that Sycamore beat eleven other buyout firms during several bidding rounds, which included Carlyle...

BusinessFeatured

New Look snapped up by Brait in 1.9 billion pound deal

Following months of speculation, British high street retailer New Look has finally found a new owner and has been acquired by South African billionaire Christo Wiese in a deal which values the fashion label at 1.9 billion pounds, including debts. Brait, the private equity vehicle owned by Wiese, has signed an agreement to acquire a 90 percent...

Business|UPDATE

New Look attracts interest from Chinese investors

Following reports that British high street fashion label New Look was preparing for a 2 billion pounds flotation news has emerged that a potential sale may be on the cards instead. New Look's private equity owners Permira and Apax have reportedly held talks with a number of China's biggest investors as its expanding presence in the country could...

Fashion

Apax retract plans for jeweler bid

Apax Partners and Kohlberg Kravis Roberts have abandoned their plans to bid for Signet, the world's largest jewellery retailer. The two private equity groups confirmed last night that they would not be bidding for the retailer, which trades as H Samuel in the UK . The news comes after increasingly vocal opposition from investors who feared an...

Fashion

Apex bidding for House of Fraser

Private equity firm Apax is the mystery bidder for House of Fraser, the £300m department store group. The company is understood to have made contact with the House of Fraser board, although no details have been put forward so far. The department store chain was forced by the Takeover Panel to issue a statement last week after a steady rise in...