Apax Global Alpha Limited (APAX)

Sector:

Investment Firms

Index:

FTSE 250

155.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 186.60
  • 52 Week Low: 149.00
  • Currency: UK Pounds
  • Shares Issued: 491.10m
  • Volume: 238,664
  • Market Cap: £761.21m
  • RiskGrade: 195

Apax Global Alpha's X Fund sells controlling stake in MyCase

By Iain Gilbert

Date: Friday 10 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Investment outfit Apax Global Alpha revealed on Friday that the Apax X Fund, in which it is a limited partner, had sold its controlling stake in MyCase to AffiniPay.
Apax said the sale of MyCase, which provides cloud-based legal practice management software and payment services, valued AGA's current look-through investment in the portfolio company at approximately €22.5m, representing an uplift of about 48% to last unaffected valuations and roughly €7.3m in the adjusted net asset value of AGA as of 31 March.

The FTSE 250-listed firm noted that the purchase consideration for MyCase was made up of a combination of cash and stock. Following the transaction, Apax Funds remains a minority shareholder in the combined business.



Reporting by Iain Gilbert at 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 155.00p
Change Today 1.00p
% Change 0.65 %
52 Week High 186.60
52 Week Low 149.00
Volume 238,664
Shares Issued 491.10m
Market Cap £761.21m
RiskGrade 195

APAX Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.66% above the market average81.66% above the market average81.66% above the market average81.66% above the market average81.66% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
21.41% below the market average21.41% below the market average21.41% below the market average21.41% below the market average21.41% below the market average
55.95% below the sector average55.95% below the sector average55.95% below the sector average55.95% below the sector average55.95% below the sector average
Income
71.76% above the market average71.76% above the market average71.76% above the market average71.76% above the market average71.76% above the market average
49.78% above the sector average49.78% above the sector average49.78% above the sector average49.78% above the sector average49.78% above the sector average
Growth
4.71% above the market average4.71% above the market average4.71% above the market average4.71% above the market average4.71% above the market average
16.07% above the sector average16.07% above the sector average16.07% above the sector average16.07% above the sector average16.07% 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 14-Sep-23 09-Mar-23
Paid 03-Oct-23 03-Apr-23
Amount 5.70p 5.82p

Trades for 26-Feb-2024

Time Volume / Share Price
16:35 52,857 @ 155.00p
16:35 264 @ 155.00p
16:35 435 @ 155.00p
16:35 883 @ 155.00p
16:35 2,563 @ 155.00p

APAX Key Personnel

Chair Tim J Breedon

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