(Alliance News) - Apax Global Alpha Ltd on Thursday announced its partner Apax Digital Fund has agreed to sell its portfolio company Signavio to German software company SAP SE for EUR8.7 million.
Signavio is a provider of business-process analysis and decision-management software that helps companies design, implement, analyse and manage complex processes, decisions and workflows.
The Guernsey-based private equity and derivatives investor said the transaction values its look through investment in Signavio at EUR8.7 million. This represents an 80% uplift to Apax's last unaffected valuation and an uplift of EUR3.9 million in Apax's adjusted net asset value as at September 30, it added.
Shares in Apax Global Alpha were up 0.1% at 196.99 pence in London on Thursday.
By Zoe Wickens; zoewickens@alliancenews.com
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Apax Global Alpha (APAX)