Apax and Bpifrance Take Minority Stake in Pandat Finance

Apax Partners Development Acquires Majority Stake in DIAPASON

November 20, 2020

Software

Apax Partners Development has taken a majority stake in DIAPASON, a France-based treasury, payments and risk management software provider. Apax will support DIAPASON's growth—targeting larger corporates and the mid-market, international expansion, and add-on acquisitions—while founder Pascal Kravitzch and the management team remain significant investors.

PSG Equity Acquires Majority Stake in Diapason; Apax's ADF II Reinvests

January 23, 2024

Software

PSG Equity has become the new reference shareholder of Diapason, a Paris-based treasury and risk management software provider, replacing Seven2 (ex-Apax Partners). Apax's new Apax Development Fund II (ADF II) also reinvests alongside PSG and Diapason's management team; the transaction aims to accelerate Diapason's growth and international expansion across Europe.

Apax Partners Acquires PIB Group from The Carlyle Group

January 25, 2021

Insurance

Funds advised by Apax Partners acquired PIB Group alongside PIB's management team; The Carlyle Group (PIB's existing investor) will re-invest for a minority stake. Financial terms were not disclosed; Apax said the investment will support PIB's continued organic growth and accelerated M&A and international expansion. PIB is a diversified insurance intermediary employing over 2,000 people across the UK, Channel Islands, Ireland, Germany, Poland and India.

Apax Acquires Minority Stake in Hifield Group

September 2, 2021

Cybersecurity

Apax Partners Development has acquired a minority stake in Hifield Group to support the company's growth across France and Europe. The investment will help Hifield (and its subsidiaries Almond and Rampar) scale cybersecurity, cloud and managed infrastructure services, accelerate its SaaS Security Rating product, and pursue organic and targeted acquisition-driven expansion.

PAI Partners to Invest in Apave Group

May 25, 2021

Industrial Services

PAI Partners has entered into exclusive negotiations to become a shareholder in Apave Group alongside GAPAVE, supporting Apave's development and external growth strategy. The investment will help finance international expansion, M&A and a sustainable transformation as Apave aims to accelerate its roadmap to become a global leader in the testing, inspection and certification (TIC) market.

Ardian Acquires Majority Stake in Finaxy from Equistone

July 30, 2020

Insurance

Ardian, via its Ardian Expansion team, has acquired a majority stake in Finaxy, a French multi-specialist B2B and B2C insurance broker, from Equistone Partners Europe. Ardian plans to support Finaxy's continued buy-and-build strategy to accelerate organic growth and further consolidate its leading position in the fragmented French insurance-brokerage market.