INVESTMENT CRITERIA
We are also attracted by businesses with a strong brand name or proprietary assets.
Many approach us through a financial intermediary a bank, accountant or other third
party who may have had dealings with us in the past. We receive a very large number of
business plans every year many of them represent good business opportunities but
which are not necessarily appropriate for
venture capital funding.
e give entrepreneurs
the confidence to control
their own destiny, because we
demonstrate our faith in their
ability to achieve their goals.
We support them with funds
under management, through
more difficult and easier periods
alike, and back up our finance
with the powerful partnership
of teams which are among the
worlds largest and most expert.
We wish all entrepreneurs the best of success with their ventures, if you would like to submit
a business plan to Apax Partners, please email your plan to business.plans@apax.co.uk.
APAX PARTNERS
Leveraged Transactions
We have a long and successful track record in investing in leveraged transactions of large
businesses - typically management buyouts, buy-ins and recapitalisations. We like to
work in partnership with experienced, capable management teams who wish to grow their
businesses rapidly. We like to invest in companies or groups which have strong
established market positions and the potential to expand into new markets. Our global
presence and reach allows us to support effectively such initiatives.
APAX PARTNERS
Information Technology
Apax Partners has established itself as one of the leading investors in IT businesses across
the world. We have built a large, internationally based, specialist team in order to provide
investee companies with superior access to capital and support throughout the many
stages of a technology companys development. In increasingly global markets we believe
that a truly international investment partner is crucial for building successful businesses.
We pride ourselves particularly on the value which we can bring through our extensive
knowledge and experience of the IT industry combined with a wide network of contacts
with corporates, headhunters, banks and industry analysts. One of our most important
assets is our Technology and Telecommunications Advisory Board which consists of a
mixture of top-level executives and experienced entrepreneurs covering many different
sectors and technology. These executives provide high level business contacts and
strategic guidance on a number of investee company Boards.
We continue to invest substantial amounts of capital in hardware, software and services
companies at all stages ranging from start-up to leveraged buyout.
Telecommunications
The demand for telecommunications services and products has been increasing at a
phenomenal rate driven by deregulation and an insatiable appetite for bandwidth-hungry
applications and devices.
Today, network operators and technology providers have to adapt to rapidly changing
market conditions - resulting in substantial opportunities.
Our telecommunications team invests across all industry segments, varying from growth
technologies for next generation networks to buyouts of telecommunications assets from
major operators and equipment providers.
Media
The media industry is undergoing a transition. It is rapidly being influenced if not completely
transformed by the application of technology to several areas of traditional media. In
addition, the industry is consolidating. Within this environment, entrepreneurs have many
opportunities to create valuable properties.
To identify and support these opportunities, our strategy is to maintain our extensive
expertise in all aspects of traditional media and to combine this with our experience in
the technologies that are changing the media landscape.
APAX PARTNERS
T H E N I N E AT T R I BU T E S
OF THE
ENTREPRENEUR
1 A high level of drive and energy
2 Enough self-confidence to take carefully
calculated moderate risks
3 A clear idea of money as a way
of keeping score, and as a means
of generating more money still
4 The ability to get other people to work
with you and for you productively
5 High but realistic, achievable goals
6 Belief that you can control your
own destiny
7 Readiness to learn from your own
mistakes and failures
8 A long term vision of the future
of your business
9 Intense competitive urge, with selfimposed standards of ethical integrity.
Healthcare
Our global, specialist healthcare team invests in all stages of development, from early
stage to large-scale buyouts across all territories. We are predominantly interested in
advances in therapeutics, technologies that address bottlenecks in the drug discovery
value chain, medical devices and areas of convergence where we can leverage other Apax
Partners areas of specialist expertise such as technology.
We are also interested in partnering with leading pharmaceutical companies in the
development of assets into promising new companies; for example existing portfolios of
non-core drugs and early stage research entities with existing underlying technologies.
In addition we actively seek large-scale transactions across the full healthcare spectrum
where the existing business has a positive cash flow.
Financial Services
The European financial services industry is experiencing an overdue revolution.
The value chain is unbundling; intermediary relationships are changing; customers
demand best advice and cheapest execution, but not necessarily from integrated
providers. Financial engineering is building the bridge between balance sheet provision
and customer need.
New brands and new alliances are emerging daily. The opportunity for entrepreneurial
gain has never been greater. Yet scale remains key in processing activities and
incumbency with the customer is valuable.
We are interested in partnering with major financial institutions to develop new, high
growth companies through commercialising existing internal cost centres. We are also
looking at product distribution partnerships, and are always seeking opportunities to
invest in enabling technologies.
APAX PARTNERS
A PA X PA R T N E R S
History
The UK, France and USA offices of MMG were co-founded in 1972 by Sir Ronald Cohen and
Maurice Tchnio to provide international corporate finance advice to and to invest in highgrowth businesses. Separately, Alan Patricof launched Alan Patricof Associates in the USA
in 1969. Five years later, in 1977, the three founders joined forces. Together with the
partners who have joined the firm over the years they have taken a pioneering role in
venture capital, first in the USA and then in the UK and in Continental Europe and most
recently in Israel and Japan.
e assist entrepreneurs
to form high but realistic
achievable goals by our
willingness to listen to the
most ambitious plans and by
the enlightened pragmatism
with which we test their validity.
Our purpose is not only to
ensure that high entrepreneurial
ambition is achievable, but to
help achieve the goals for
achievement is what excites us.
APAX PARTNERS
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