Apax Global Alpha Limited (APAX)

Sector:

Investment Firms

Index:

FTSE 250

141.20p
   
  • Change Today:
    -0.40p
  • 52 Week High: 167.80
  • 52 Week Low: 136.20
  • Currency: UK Pounds
  • Shares Issued: 489.21m
  • Volume: 319,858
  • Market Cap: £690.76m
  • RiskGrade: 195

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.

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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 141.20p
Change Today -0.40p
% Change -0.28 %
52 Week High 167.80
52 Week Low 136.20
Volume 319,858
Shares Issued 489.21m
Market Cap £690.76m
RiskGrade 195

APAX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
97.94% above the market average97.94% above the market average97.94% above the market average97.94% above the market average97.94% above the market average
95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average95.74% above the sector average
Price Trend
30.98% below the market average30.98% below the market average30.98% below the market average30.98% below the market average30.98% below the market average
66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average66.04% below the sector average
Income
85.01% above the market average85.01% above the market average85.01% above the market average85.01% above the market average85.01% above the market average
71.01% above the sector average71.01% above the sector average71.01% above the sector average71.01% above the sector average71.01% above the sector average
Growth
54.92% above the market average54.92% above the market average54.92% above the market average54.92% above the market average54.92% above the market average
47.70% above the sector average47.70% above the sector average47.70% above the sector average47.70% above the sector average47.70% above the sector average

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Trades for 31-Oct-2024

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