4th Sep 2024 09:22
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.
Current stock price: 144.12 pence
12-month change: down 14%
By Elijah Dale, Alliance News reporter
Comments and questions to [email protected]
Copyright 2024 Alliance News Ltd. All Rights Reserved.