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

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

May 19, 2025

Software

Funds advised by Apax Partners LLP have entered into an agreement to acquire Finastra's Treasury and Capital Markets (TCM) business unit, which will be rebranded and operated as an independent company. The divestiture will streamline Finastra's portfolio and provide capital for reinvestment while enabling the TCM business to accelerate product development, cloud capabilities and customer-focused innovation under Apax ownership.

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.

OceanSound Partners Acquires Automated Financial Systems

February 19, 2026

Software

OceanSound Partners, a New York-based private equity firm, has acquired Automated Financial Systems (AFS), a provider of commercial loan servicing and loan lifecycle management software. The deal will support accelerated product innovation, increased investment in sales and customer support, and AFS appointed Edward Jenkins as CEO to lead the company’s growth and modernization efforts.

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.

Apax Acquires Significant Stake in Efficy Group

September 7, 2021

Cloud & SaaS

Apax has acquired a significant stake in Efficy Group, a Brussels-based SaaS CRM vendor, investing alongside Efficy founders and existing investor Fortino Capital to support the company's organic growth and buy-and-build strategy across Europe. The investment will help Efficy accelerate acquisitions and expand its footprint as it pursues its strategic plan to scale market share in the independent European CRM market.

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.