Apax Funds Takes Norva24 Group AB Private

Apax Partners (via Erling Bidco AS) Agrees Recommended Cash Offer to Acquire EcoOnline Holding AS

June 2, 2022

Cloud & SaaS

Funds advised by Apax Partners LLP, through an acquisition vehicle Erling Bidco AS, launched a recommended cash tender offer to acquire all issued and outstanding shares of EcoOnline Holding AS. Summa Equity Fund II signed a pre-acceptance undertaking to sell its shares; the transaction (announced in June 2022) is subject to customary completion conditions and regulatory approvals and will take the EHS SaaS provider private to support further growth and international expansion.

Apax Acquires Majority Stake in Odin Groep from Fortino Capital

February 9, 2022

IT Services

Apax has acquired a majority stake in Odin Groep from Fortino Capital to create a leading cloud Managed Service Provider in the Netherlands. Apax will partner with Odin's founder and management to accelerate growth through organic initiatives and a buy-and-build strategy, expanding geographically and deepening vertical capabilities across education, healthcare and housing associations.

Nordic Capital Acquires Majority Stake in Foxway

June 19, 2023

IT Services

Nordic Capital has signed an agreement to acquire a majority share in Foxway from Norvestor VII and other owners, with completion expected in Q3 2023 subject to customary closing conditions. Nordic Capital will partner with Foxway management and alongside Norvestor to support continued growth, international expansion and Foxway’s focus on circular IT services; Foxway is a Sweden‑headquartered provider of device refurbishment, asset recovery and lifecycle services with over 1,000 employees and SEK ~7.6bn in revenue (2022).

Norva24 Acquires Kanal-Türpe in Bretzfeld, Germany

November 2, 2020

Industrial Services

Norva24 has acquired Kanal-Türpe, a Southern Germany provider of underground infrastructure maintenance (UIM) services with approximately EUR 20 million in revenues and a fleet of about 100 vehicles. The add-on strengthens Norva24’s position in the fragmented German UIM market and brings the group closer to its goal of becoming the clear market leader in Northern Europe; terms were not disclosed.

Funds Advised by Permira Acquire Neuraxpharm from Funds Advised by Apax Partners

September 22, 2020

Pharmaceuticals

Funds advised by Permira have agreed to acquire the controlling stake in Neuraxpharm, a leading European specialty pharmaceuticals company focused on central nervous system (CNS) disorders, from funds advised by Apax Partners. Financial terms were not disclosed; Neuraxpharm had annual revenues in excess of €460 million and around 850 employees under Apax's ownership.

Apax Funds Acquire Veriforce from Thoma Bravo

August 28, 2024

Cloud & SaaS

Funds advised by Apax Partners LLP have acquired a controlling stake in Veriforce from Thoma Bravo. Veriforce, a US-headquartered provider of supply chain risk management SaaS and services, will partner with Apax to drive further organic growth, international expansion and product scaling; financial terms were not disclosed.