Apax Global Alpha Limited (APAX)

Sector:

Investment Firms

Index:

FTSE 250

 142.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 165.20
  • 52 Week Low: 136.20
  • Currency: UK Pounds
  • Shares Issued: 488.98m
  • Volume: 190,073
  • Market Cap: £694.35m
  • RiskGrade: 195
  • Beta: 0.61

Apax announces investment in HR software firm GreytHR

By Josh White

Date: Wednesday 07 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Apax Global Alpha (AGA), a closed-ended investment company that offers access to Apax Private Equity Funds, announced an upcoming strategic investment in greytHR, a human resource management software (HRMS) platform based in India.
The London-listed firm said the investment, made through the Apax Digital Fund II (ADF II), was expected to close in the third quarter, pending customary closing conditions.

AGA anticipated investing around €2.5m in greytHR on a look-through basis.

Founded in 1994 in Bengaluru, greytHR provides a suite of productivity tools designed to streamline HR processes, enhance people management, and deliver professional HR and payroll services.

The company said the platform is widely adopted, with over 23,000 organisations and 2.3 million users across India, the Middle East, and southeast Asia relying on its software.

It said the Apax Funds had extensive experience in the software sector, including prior investments in HRMS and payroll companies like Paycor and Zellis, and planned to collaborate with greytHR to expand its product offerings.

The focus would be on enhancing the platform with new strategic HR modules, particularly in recruitment and talent management, and driving growth by targeting new customer segments.

It said the investment was designed to solidify greytHR's position as a market leader in the HRMS space.

At 1120 BST, shares in Apax Global Alpha were up 0.55% at 147.4p.

Reporting by Josh White for Sharecast.com.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

APAX Market Data

Currency UK Pounds
Share Price 142.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 165.20
52 Week Low 136.20
Volume 190,073
Shares Issued 488.98m
Market Cap £694.35m
Beta 0.61
RiskGrade 195

APAX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
42.48% above the market average42.48% above the market average42.48% above the market average42.48% above the market average42.48% above the market average
13.36% above the sector average13.36% above the sector average13.36% above the sector average13.36% above the sector average13.36% above the sector average
Price Trend
30.72% below the market average30.72% below the market average30.72% below the market average30.72% below the market average30.72% below the market average
71.7% below the sector average71.7% below the sector average71.7% below the sector average71.7% below the sector average71.7% below the sector average
Income
83.20% above the market average83.20% above the market average83.20% above the market average83.20% above the market average83.20% above the market average
45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average45.00% above the sector average
Growth
55.89% above the market average55.89% above the market average55.89% above the market average55.89% above the market average55.89% above the market average
47.52% above the sector average47.52% above the sector average47.52% above the sector average47.52% above the sector average47.52% above the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 0
Sell 0
Strong Sell 0
Total 2
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

APAX Dividends

  Latest Previous
  Interim Final
Ex-Div 12-Sep-24 14-Mar-24
Paid 03-Oct-24 04-Apr-24
Amount 5.50p 5.64p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 64,485 @ 142.00p
16:35 58 @ 142.00p
16:35 2,582 @ 142.00p
16:35 1,373 @ 142.00p
16:35 7,533 @ 142.00p

Top of Page