LONDON BROKER RATINGS: Peel Hunt cuts Admiral; Kepler lowers Genus
5th Sep 2025 09:47
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and on Thursday: Read More
(Alliance News) - London's FTSE 100 opened slightly higher on Friday, as a UK retail sales reading outperformed market expectations and UK average house prices reached a new record high. Read More
(Alliance News) - Apax Global Alpha Ltd on Friday posted worsened returns during the first half, after agreeing to a takeover by Apax Partners LLP. Read More
(Alliance News) - Frasers promotes new chair, Apax Global Alpha's net asset value slips ahead of its takeover while John Wood sells a transmission and distribution business. Read More
(Corrects that Apax Global Alpha Ltd is being taken over by a buyer owned by an investment vehicle to be advised by Apax Partners LLP.) Read More
(Alliance News) - Apax Global Alpha Ltd on Monday said it has reached an agreement to be acquired by Janus Bidco Ltd in a deal valuing the fund at around GBP794.5 million. Read More
(Alliance News) - European stocks ended mixed on Monday, as investors anxiously await developments on tariff talks, with an August 1 deadline nearing. Read More
(Alliance News) - Apax Global Alpha Ltd on Friday said it is well positioned to deal with macroeconomic challenges, despite a dip in net asset value in the first quarter. Read More
(Alliance News) - Apax Global Alpha Ltd said its net asset value fell in 2024, impacted by healthcare and retail investments. Read More
Apax Global Alpha Ltd - closed-ended investment company providing access to the private equity funds of investment adviser Apax Partners LLP - Notes that Apax IX Fund, in which it is a limited partner, announces the full sale of its minority co-control stake in AssuredPartners. AssuredPartners is a mid-market property, casualty & employee benefits insurance brokerage to Arthur J Gallagher & Co. Apax Global expects the transaction to deliver a gross multiple on invested capital of 2.5 times and gross internal rate of return of 16% for Apax IX. The transaction values Apax Global's look-through investment in AsduredPartners at about EUR51 million, a 10% discount to the last unaffected valuation as at September 30. Read More
Apax Global Alpha Ltd - closed-ended investment company providing access to the private equity funds of investment adviser Apax Partners LLP - Expects to invest about EUR28 million in the accountancy and advisory practice of Evelyn Partners on a look-through basis. The company says Apax Funds will buy Evelyn Partners's accountancy business which will rebrand as S&W, building on the heritage of the Smith & Williamson brand dating back to 1881. The practice is based in London and serves clients across the UK, offering accountancy services such as audit and business outsourcing, and business tax and private client tax and advisory. Read More
(Alliance News) - Apax Global Alpha Ltd on Thursday said net asset value fell during the third quarter of its current financial year, as its total return was hurt by currency movements. Read More
Apax Global Alpha Ltd - provides investors with access to Apax private equity funds - Net asset value declines by 3.9% to EUR1.24 billion as of June 30 from EUR1.29 billion on December 31, 2023. Per share, this is EUR2.52, down from EUR2.64. The fall in NAV is due to the reduced value of its private equity portfolio and the payment of the recent dividend, Apax says. NAV total return in the recent half-year is negative 1.4%, or negative 3.3% at constant currency. In private equity alone, these are negative 2.5% and negative 4.4%, while debt investments bring a 2.1% positive return or negative 0.1% at constant currency. Apax Global Alpha declares an interim dividend of 5.50p, down 3.5% from 5.70p a year before. Read More
Apax Global Alpha Ltd - closed-ended investment company providing access to the private equity funds of investment adviser Apax Partners LLP - Will invest EUR12 million on a look-through basis in the New York-based provider of safety services Altus Fire & Life Safety. The investment will be via the Apax XI fund. "The investment in Altus draws on the Apax funds' experience in the services density-based business models vertical from previous investments such as [Safety-Kleen Systems Inc] and SavATree [LLC]. The investment thesis is to support Altus' growth by investing in sales and marketing, increasing recurring service revenue and expanding geographically," Apax Global Alpha says. Read More