APAX_ANNUAL_REPORT_2017

Business model

our strategy

7 pillars

Investors

RAISES FUNDS

Pension funds, listed PE, funds of funds, family offices, insurers and banks

We take significant equity stakes in innovative, fast-growing companies that we can help with our expertise.

Sector specialisation *

TMT

CONSUMER

HEALTHCARE

SERVICES

29

25

4

14

PROVIDES LONG TERM EQUITY FINANCING

DEALS

DEALS

DEALS

DEALS

€1,100 m INVESTED

€682 m INVESTED

€889 m INVESTED

€183 m INVESTED

DEVELOPMENT € 10/30 million tickets

MIDMARKET € 50/200 million tickets

* Since 1990

Value creation Apax Partners focuses the growth strategy of its portfolio companies on three specific areas: internationalisation, build-ups and digital transformation. Focused on growth Apax Partners invests primarily in companies with strong fundamentals and a potential for accelerated growth through strategic and operational change.

Collaboration Apax Partners’ relationship with the management teams is based on a shared enterprise vision, strictly aligned financial interests, and clearly defined respective roles. Small and mid-cap Apax Partners targets investments in small and mid-size companies located in Europe.

Majority or minority stakes Apax Partners typically takes majority or significant- minority stakes and has systematic representation on the Boards of its portfolio companies. We also accept minority positions if the transaction is based on a genuine partnership with the management team, which confers us certain rights. Long-term Apax Partners typically operates on a five-year investment horizon, though this depends on the specific business plans and value creation objectives.

TMT

SERVICES

HEALTHCARE

CONSUMER

SUPPORTS ENTREPRENEURS

CREATES VALUE

Value Creation Model

DIGITAL TRANSFORMATION INTERNATIONALISATION BUILD-UP

SELLS COMPANIES SUPPORTED

6 I APAX PARTNERS I Annual report 2017

Annual report 2017 I APAX PARTNERS I 7