Apax Global Alpha LSE IPO

Overview:

• Apax Global Alpha, a closed-end investment fund, has undertaken an IPO on the LSE.
• The fund's investments are in the private equity assets of Apax Private Equity Funds.
• The fund raised £218.2 million through the issue of 183,037,695 shares at 119.2p per share, giving it a market capitalisation of £585.4 million on admission.
• Credit Suisse Securities and Jefferies International acted as joint global coordinators and joint bookrunners.

Sam Duke - Editor