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(Alliance News) -Â Jefferies International Ltd on Thursday said the Future Fund Board of Guardians plans to sell 32.7 million shares in Apax Global Alpha Ltd via an accelerated bookbuild.
The price will be determined through the bookbuild process, which will start immediately. Jefferies International is acting as sole global coordinator in relation to the placing, and Guernsey-based private equity and derived investments-focused firm Apax Global will not receive any proceeds.
The Future Fund is Australia's sovereign wealth fund, managing six public asset funds. The Board of Guardians is responsible for deciding how to invest the assets of each fund.
Shares in Apax Global closed down 1.9% at 209.50 pence in London on Thursday.
By Lucy Heming;Â lucyheming@alliancenews.com
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