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: 247,073
  • Market Cap: £694.35m
  • RiskGrade: 195
  • Beta: 0.61

Apax Global Alpha to invest EUR 29m in Veriforce

By Josh White

Date: Thursday 29 Aug 2024

LONDON (ShareCast) - (Sharecast News) - Apax Global Alpha (AGA) announced an expected investment of €29m in supply chain risk management specialist Veriforce on Thursday.
The London-listed firm said the investment was part of a larger transaction in which the Apax XI Fund, where AGA is a limited partner, had reached a definitive agreement to acquire a controlling stake in Veriforce.

It said the deal was pending customary regulatory approvals.

Veriforce, based in the United States, is one of the world's largest providers of integrated supply chain risk management solutions, with a significant presence in the US, Canada, and the UK.

Its services were designed to enhance safety and compliance within supply chains by verifying contractor services for hiring organisations.

Veriforce operates in more than 140 countries, and has seen substantial growth since 2018, expanding its client base from 115 to over 1,300 and increasing its contractor network from 9,500 to more than 90,000.

The company's workforce had also grown significantly, now numbering over 530 employees.

"The SCRM sector is still a relatively new industry and it is highly fragmented," said Apax partner Frank Ehmer.

"Veriforce has a strong reputation and market position in the US and we see an opportunity to partner with the Veriforce team to drive further organic growth, while continuing to scale the business internationally and into new verticals."

AGA said its investment in Veriforce reflected its broader strategy of providing shareholders with access to a diversified portfolio of private equity funds managed by Apax, along with a targeted portfolio of debt investments.

At 1147 BST, shares in Apax Global Alpha were up 0.77% at 149.14p.

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 142.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 165.20
52 Week Low 136.20
Volume 247,073
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
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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
15:41 57,000 @ 142.16p
16:35 64,485 @ 142.00p
16:35 58 @ 142.00p
16:35 2,582 @ 142.00p
16:35 1,373 @ 142.00p

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