Apax Funds to Acquire Finastra's Treasury and Capital Markets (TCM) Business

Apax Funds Acquire OCS and Finwave to Create European Financial Software Platform

December 12, 2023

Software

Funds advised by Apax Partners LLP completed acquisitions of OCS (from Charme Capital Partners) and Finwave (from the Lutech Group), combining the two businesses into a scaled European financial software platform. The combined group starts with roughly €100 million in revenue and will continue operating under the OCS and Finwave brands while accelerating product development and international expansion.

Apax Partners Funds Acquire MyCase from AppFolio

September 8, 2020

Cloud & SaaS

Funds advised by Apax Partners agreed to acquire MyCase, a cloud-based legal practice management software business, from AppFolio for approximately $193 million in cash. The transaction is a divestiture by AppFolio; Apax intends to invest in product development, sales and marketing to accelerate MyCase’s growth under private equity ownership.

Apax Funds Acquire Majority Stake in Lutech from One Equity Partners

March 16, 2021

IT Services

Funds advised by Apax Partners have signed a definitive agreement to acquire a majority stake in Lutech SpA from One Equity Partners. The transaction will see Apax partner with Lutech's management to drive organic and inorganic growth, expand digital services capabilities and accelerate the company's M&A strategy; financial terms were not disclosed.

Funds Advised by Apax to Acquire SavATree from CI Capital Partners

August 31, 2021

Environmental Services

Funds advised by Apax have agreed to acquire SavATree, a Bedford Hills, New York-based provider of tree, shrub and lawn care services, from CI Capital Partners. The transaction (terms undisclosed) is expected to close in Q4 2021; Apax intends to accelerate SavATree's growth organically and via strategic M&A while partnering with the existing leadership team.

Apse Capital Continuation Fund (Led by J.P. Morgan) Acquires TerraQuest, Kallidus and Ultima Business Solutions

November 27, 2024

Software

Apse Capital closed a €350 million continuation fund led by J.P. Morgan Asset Management to acquire three existing portfolio companies — TerraQuest, Kallidus and Ultima Business Solutions — from the Apse Capital Bridge Fund. The vehicle will provide follow-on capital to support organic growth and strategic M&A activity across the businesses; Piper Sandler (Aviditi Advisors) and legal advisers Weil and DLA Piper served on the transaction.

Apax Partners Acquires 3i Infotech's Software Products Business to Form Azentio Software

December 28, 2020

Software

Funds advised by Apax Partners acquired the Software Products business of 3i Infotech for INR 10 billion and transferred the assets into a newly formed company, Azentio Software, wholly owned by the Apax Funds. The carve‑out creates a PE‑backed, focused software platform serving banking, financial services and insurance (BFSI) customers with plans for increased R&D, sales investment and future M&A across the region.