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Apax Global Alpha Ltd - Guernsey-based investor in technology, services, healthcare, internet and consumer-focused firms, providing access to the private equity investments of Apax Partners LLP - Invests approximately EUR21.5 million in WGSN Ltd on a look-through basis. Limited partner Apax XI Fund announced on Thursday it had closed the acquisition of WGSN from London-based business-to-business media and events company Ascential PLC. WGSN, also headquartered in London, "is the world's leading consumer trend forecaster" with a platform designed to help clients use data to "make critical design and purchasing decisions". Apax Global says WGSN will now, in partnership with the Apax funds, focus on enhancing and expanding its product design and consumer insight products.
Current stock price: 154.83 pence, up 1.9% in London on Friday morning
12-month change: down 14%
By Emma Curzon, Alliance News reporter
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