Deals
Apax Said to Secure $7.9 Billion for Ninth Capital Pool
- Pool is larger than its predecessor, which raised $7.5 billion
- Apax owns stakes in companies including Cole Haan, Fullbeauty
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Apax Partners, one of Europe’s largest private equity firms, has secured $7.9 billion for its latest pool of capital, said people familiar with the matter.
The firm told investors on Friday that it had held a first close -- the point at which it can begin spending the money -- for Apax IX, said the people, who asked not to be identified because the information is private. The firm has a cap of $9 billion for the fund, the people said.