(Alliance News) - Apax Global Alpha Ltd on Tuesday noted that the Apax IX Fund has agreed to sell a minority stake in payroll and human capital management software provider Paycor to a group of undisclosed investors.
The deal values Apax Global's look through investment in Paycor at EUR51 million, reflecting an uplift of EUR11.8 million in Apax Global's adjusted net asset value at September 30 last year.
Shares in the FTSE 250 private equity and derivatives investor were flat at 193.60 pence on Tuesday in London.
By Dayo Laniyan; dayolaniyan@alliancenews.com
Copyright 2021 Alliance News Limited. All Rights Reserved.
Apax Global Alpha (APAX)