Apax Partners

Founded in 1972 by Ronald Cohen and Maurice Tchenio as Multinational Management Group, the firm evolved through a 1977 partnership with American venture capitalist Alan Patricof to become Apax Partners. Over several decades, it transitioned from a venture capital participant into a global powerhouse in the private equity industry, formalizing its international brand in 2001 and establishing its current legal structure in 2002. Today, the firm is headquartered in London with a significant presence in major financial hubs including New York, Hong Kong, and Tel Aviv.

Apax is primarily recognized for its sector-expert approach, focusing its investment activity on the Technology, Internet and Consumer, and Services industries. The firm typically targets mid-to-large market companies with enterprise values ranging from $100 million to $5 billion. Notable historic activity includes major leveraged buyouts such as the acquisition of the Yell Group, the purchase of Tommy Hilfiger, and the taking-private transaction of HIT Entertainment.

In recent years, the firm has expanded its capabilities into growth equity and impact investing while continuing its legacy of high-profile acquisitions in the digital transformation and software sectors. It has significant experience in telecommunications and insurance, evidenced by long-term plays in companies like Inmarsat and PIB Group. As of 2024, Apax remains one of the largest private equity firms in Europe, managing approximately $77 billion in assets for a diverse group of institutional investors including pension funds and endowments.