Apax Global Alpha to invest EUR23 million in social software deal
Wed, 4th Aug 2021 10:37
(Alliance News) - Guernsey-based private equity investment trust Apax Global Alpha Ltd on Wednesday said it expects to invest EUR23 million in Apex X Fund s social good software platform merger.
The Apax X Fund - in which Apax Global Alpha is a limited partner - has agreed to acquire majority stakes in non-profit software companies EveryAction and Social Solutions. The transactions are expected to close in the third quarter of 2021, Apax Global Alpha said.
The EUR23 million figure represents the FTSE 250-listed trust s look-through position of the Apax X Fund s larger investment.
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