(Alliance News) - Jefferies International Ltd on Friday said the Future Fund Board of Guardians sold 32.7 million shares in Apax Global Alpha Ltd for GBP5.9 million via an accelerated bookbuild.
The placing, which was priced at 180 pence per share, was announced on Thursday. Jefferies International acted as sole global coordinator in relation to the placing.
Apax Global, a Guernsey-based private equity and derived investments firm, did not receive any proceeds, as they were existing shares.
Shares in Apax Global Alpha were down 9.3% at 190.02p in London on Friday.
Future Fund, Australia's sovereign wealth fund that manages six public asset funds, now no longer holds any Apax Global Alpha shares.
Future Fund's Board of Guardians is responsible for deciding how to invest the assets of each fund.
By Zoe Wickens; zoewickens@alliancenews.com
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Apax Global Alpha (APAX)