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IN BRIEF: Apax Global Alpha invests EUR11 million in Pickles Auctions

26th Jul 2022 09:46

Apax Global Alpha Ltd - closed-ended investment company that invests in portfolio of private equity funds advised by private equity firm Apax Partners LLP - Says the Apax X Fund signed an agreement to acquire Pickles Auctions Pty Ltd. Expects to invest EUR11 million in the company. Expects the transaction to close by the fourth quarter of 2022. Pickles Auctions is a New South Wales, Australia-based auction company for vehicles, general goods, and industrial and salvage assets.

Current stock price: 166.50 pence

12-month change: down 18%

By Abby Amoakuh; [email protected]

Copyright 2022 Alliance News Limited. All Rights Reserved.


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