APAX Apax Global Alpha Limited

TIDMAPAX

RNS Number : 3605Q

Apax Global Alpha Limited

28 June 2022

28 June 2022

(LSE: APAX)

Apax Global Alpha Limited

Proposed commitment to Apax XI

AGA announces that the Board intends to commit USD $700 million to the Apax XI Fund. This is in accordance with the Company's investment policy to invest in new Private Equity Funds advised by Apax. This commitment is expected to be split 70:30 between the USD and Euro tranches of the fund to approximate the currency mix of expected future realisations from AGA's current portfolio of investments and remains conditional on, inter alia, the approval and execution of the relevant legal documentation.

The Apax XI Fund will continue the Apax Funds' established strategy of investing in buyout opportunities globally across four core sectors: Tech, Services, Healthcare and Internet/Consumer.

Contact details

Investor Relations - AGA

Lorraine Rees

T: +447909255175

E: Lorraine.rees@apax.com

Notes

 
 1.   Note that references in this announcement to Apax Global 
       Alpha Limited have been abbreviated to "AGA" or "the Company". 
       References to Apax Partners LLP have been abbreviated to 
       "Apax" or "the Investment Adviser" 
 2.   Please be advised that this announcement may contain inside 
       information as stipulated under the Market Abuse Regulations 
       (EU) NO. 596/2014 ("MAR") 
 3.   This announcement is not for release, publication or distribution, 
       directly or indirectly, in whole or in part, into or within 
       the United States or to "US persons" (as defined in Regulation 
       S under the United States Securities Act of 1933, as amended 
       (the "Securities Act")) or into or within Australia, Canada, 
       South Africa or Japan. Recipients of this announcement in 
       jurisdictions outside the UK should inform themselves about 
       and observe any applicable legal requirements in their jurisdictions. 
       In particular, the distribution of the announcement may be 
       restricted by law in certain jurisdictions 
 4.   The information presented herein is not an offer for sale 
       within the United States of any equity shares or other securities 
       of Apax Global Alpha Limited ("AGA"). AGA has not been and 
       will not be registered under the US Investment Company Act 
       of 1940, as amended (the "Investment Company Act"). In addition, 
       AGA's shares (the "Shares") have not been and will not be 
       registered under the Securities Act or any other applicable 
       law of the United States. Consequently, the Shares may not 
       be offered or sold or otherwise transferred within the United 
       States, or to, or for the account or benefit of, US Persons, 
       except pursuant to an exemption from the registration requirements 
       of the Securities Act and under circumstances which will 
       not require AGA to register under the Investment Company 
       Act. No public offering of the Shares is being made in the 
       United States 
 5.   This announcement may include forward-looking statements. 
       The words "expect", "anticipate", "intends", "plan", "estimate", 
       "aim", "forecast", "project" and similar expressions (or 
       their negative) identify certain of these forward-looking 
       statements. These forward-looking statements are statements 
       regarding AGA's intentions, beliefs or current expectations 
       concerning, among other things, AGA's results of operations, 
       financial condition, liquidity, prospects, growth and strategies. 
       The forward-looking statements in this presentation are based 
       on numerous assumptions regarding AGA's present and future 
       business strategies and the environment in which AGA will 
       operate in the future. Forward-looking statements involve 
       inherent known and unknown risks, uncertainties and contingencies 
       because they relate to events and depend on circumstances 
       that may or may not occur in the future and may cause the 
       actual results, performance or achievements of AGA to be 
       materially different from those expressed or implied by such 
       forward looking statements. Many of these risks and uncertainties 
       relate to factors that are beyond AGA's ability to control 
       or estimate precisely, such as future market conditions, 
       currency fluctuations, the behaviour of other market participants, 
       the actions of regulators and other factors such as AGA's 
       ability to continue to obtain financing to meet its liquidity 
       needs, changes in the political, social and regulatory framework 
       in which AGA operates or in economic or technological trends 
       or conditions. Past performance should not be taken as an 
       indication or guarantee of future results, and no representation 
       or warranty, express or implied, is made regarding future 
       performance. AGA expressly disclaims any obligation or undertaking 
       to release any updates or revisions to these forward-looking 
       statements to reflect any change in AGA's expectations with 
       regard thereto or any change in events, conditions or circumstances 
       on which any statement is based after the date of this announcement, 
       or to update or to keep current any other information contained 
       in this announcement. Accordingly, undue reliance should 
       not be placed on the forward-looking statements, which speak 
       only as of the date of this announcement. 
 

About Apax Global Alpha Limited

AGA is a Guernsey registered closed-ended collective investment scheme incorporated as a non-cellular company that listed on the London Stock Exchange on 15 June 2015. It is regulated by the Guernsey Financial Services Commission.

AGA's objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The Company is targeting an annualised Total Return, across economic cycles, of 12-15% (net of fees and expenses) including a dividend yield of 5% of Net Asset Value.

The investment policy of the Company is to make Private Equity investments in Apax Funds, and Derived Investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.

Further information regarding the Company and its publications are available on the Company's website at www.apaxglobalalpha.com.

About Apax Partners LLP

Apax Partners LLP ("Apax") is a leading global private equity advisory firm. For nearly 50 years, Apax has worked to inspire growth and ideas that transform businesses. The firm has raised and advised funds with aggregate commitments of more than $60 billion. The Apax Funds invest in companies across four global sectors of Tech, Services, Healthcare and Internet/Consumer. These funds provide long-term equity financing to build and strengthen world-class companies. For more information see: www.apax.com.

Apax Partners is authorised and regulated by the Financial Conduct Authority in the UK.

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