IN BRIEF: Apax Global to gain from Apax X's stake sale in AffiniPay
Apax Global Alpha Ltd - London-based investment trust - Notes Apax X Fund, in which it is a limited partner, will sell its minority stake in AffiniPay, a provider of professional services software and payments serving legal, accounting, architectural, engineering and construction firms. The stake sale is to Genstar Capital and TA Associates. It will result in a full exit of Apax X's residual stake in AffiniPay. Apax Global says it will receive totalproceeds of around EUR28 million from Apax X's investment in MyCase and subsequently in AffiniPay. Read More