Apax Partners Development Acquires Majority Stake in DIAPASON

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 Development Acquires Majority Stake in Porsolt

February 21, 2023

Biotechnology

Apax Development, a European private equity firm, has acquired a majority stake in Porsolt SAS, a French preclinical Contract Research Organization (CRO). The investment will support Porsolt's plans to expand services, accelerate hiring (targeting ~40% headcount growth), pursue bolt-on acquisitions in Europe and the US, and extend its global footprint.

Apax and Bpifrance Take Minority Stake in Pandat Finance

September 12, 2022

Financial Services

Apax (via its Apax Development fund) and Bpifrance acquired a minority stake in Pandat Finance, the leading French broker for cash investments, while founders David Guyot and Thomas Forest retain control. The investment will support Pandat Finance's growth plans — including hiring ~60 employees, expanding product expertise and opening new offices in France and neighbouring countries.

Apax to Acquire Majority Stake in Vitaprotech

July 12, 2022

Cybersecurity

Apax has signed an exclusivity agreement with Eurazeo to acquire a majority stake in Vitaprotech, a French provider of premium electronic security solutions for sensitive sites. The transaction is subject to applicable regulatory approvals, and the parties expect to use Apax’s support to accelerate Vitaprotech’s international development and buy-and-build strategy.

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.

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.