Apax Partners Acquires Alcumus from Inflexion for over £600m

Apax Funds Acquires Altus Fire & Life Safety from AE Industrial Partners

September 1, 2024

Industrial Services

Funds advised by Apax Partners LLP announced a strategic investment to acquire Altus Fire & Life Safety, a provider of regulation‑mandated fire and life safety services in the Northeastern United States. Apax will partner with Altus management to accelerate geographic expansion, invest in sales and product capabilities, and pursue further M&A; AE Industrial Partners was the selling shareholder and Altus was advised by Lincoln International.

Apax Partners and Fremman Capital acquire co-controlling stakes in Palex Medical

August 1, 2023

Medical Devices

Funds advised by Apax Partners LLP and funds advised by Fremman Capital agreed to acquire co-controlling stakes in Palex Medical, with Fremman remaining an investor while some of its funds and other minority shareholders sell. Palex, a Sant Cugat del Vallès (Barcelona)-headquartered MedTech distributor with ~928 employees, will partner with Apax and Fremman to accelerate pan-European growth and international expansion; the deal is expected to close in Q4 2023 and financial terms were not disclosed.

Alcumus Acquires Cognibox

June 30, 2022

Cloud & SaaS

Alcumus has acquired Cognibox, a Canada-based provider of contractor management, training and supply chain risk management technology. The deal expands Alcumus' North American footprint (its third acquisition in North America and first in Quebec) and strengthens its global supply chain compliance and contractor membership network.

Apax Acquires CyberGrants from Waud Capital Partners

June 15, 2021

Cloud & SaaS

Funds advised by Apax Partners have agreed to acquire CyberGrants, a SaaS provider of corporate social responsibility (CSR), employee engagement, and volunteer management software, from Waud Capital Partners. The transaction (financial terms undisclosed) is expected to close in Q3 2021; Apax plans to support product enhancement and growth into new markets.

Inflexion Acquires Cloud Specialist ANS

June 1, 2021

Cloud & SaaS

Inflexion has acquired ANS, a UK provider of digital transformation and cloud managed services, and will combine ANS with an existing Inflexion investment under one parent group to create a leading independent provider of secure, cloud-led digital transformation. ANS, founded in 1996 with around 270 employees and partnerships with Microsoft and AWS, will continue to operate under its brand while the combined group expands services, launches a Digital Academy and plans to hire more than 100 staff.

Altair Acquires Ellexus

September 16, 2020

Software

Altair (Nasdaq: ALTR) has acquired Ellexus, a Cambridge-based developer of I/O analysis tools (Mistral and Breeze) for high-performance computing environments. Altair will integrate Ellexus' technology into its PBS Works storage-aware scheduling capabilities to enhance performance, cloud readiness, and storage diagnostics for HPC, data analytics, AI and ADAS workloads.