Apax Partners Makes ~$450M Minority Investment in IBS Software

IBS Software Acquires Above Property Services (APS) for $90 Million

January 16, 2024

Cloud & SaaS

IBS Software has agreed to acquire Above Property Services (APS) for $90 million to broaden its hospitality product suite and provide a unified cloud-native platform for hotel chains, resorts and gaming customers. The acquisition adds APS's CRS, PMS and RMS capabilities to IBS's booking, distribution and loyalty offerings and brings APS founder Aaron Shepherd and his team into IBS to accelerate product and market growth.

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 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.

The Planet Group (MidOcean-backed) Acquires Interactive Business Systems (IBS)

November 13, 2020

Staffing & HR

The Planet Group, a portfolio company of MidOcean Partners, has agreed to acquire Interactive Business Systems (IBS), an Oak Brook, Illinois–based provider of flexible IT staffing, project solutions and managed services. The deal is an add-on acquisition intended to strengthen Planet's technology services and expand its IT staffing and managed-service capabilities, including IBS's Midwest presence and offshore delivery center in India.

Capital A Acquires Majority Stake in AB Software & Consultancy BV

March 14, 2023

IT Services

Capital A (an investment company) has acquired a majority stake in AB Software & Consultancy BV, an ERP implementation partner and software developer serving the manufacturing sector in the Netherlands. The investment will support AB's organic growth and a buy-and-build strategy to expand its portfolio of services and products; AB has about four locations in the Netherlands and roughly 80 employees.

Goldman Sachs Merchant Banking Division Acquires Aptos from Apax Partners

January 13, 2020

Software

Funds affiliated with the Merchant Banking Division of Goldman Sachs agreed to acquire Aptos, a cloud-native retail software provider, from funds advised by Apax Partners. The investment is intended to accelerate Aptos' product innovation, customer success initiatives and global expansion in the retail technology market.