(Sharecast News) - Investment firm Apax Global Alpha said on Wednesday that it intends to invest roughly €8.0m in order to acquire research and advisory services business IANS.
Apax Global Alpha said it has reached a definitive agreement to acquire IANS, with the transaction expected to close in Q2, subject to customary closing conditions.
The London-listed group stated the partnership will enable IANS to accelerate product development, expand its value proposition, and scale its go-to-market efforts, which will help the company meet the increasing demand for InfoSec decision support services and strengthen its leadership position in the market.
"Note that AGA's expected investment in IANS is calculated based on the look-through positions of ADF II's overall investment in IANS and is translated based on the latest exchange rates available where applicable," added Apax Global.
As of 1015 BST, Apax Global Alpha shares were up 0.71% at 142.0p.
Reporting by Iain Gilbert at Sharecast.com
Apax Global Alpha (APAX)