Share Prices & Company Research

Market News

28 Jan 2021 | 09:03

Apax Digital agrees to sell Signavio to SAP

(Sharecast News) - Apax Global Alpha revealed on Thursday that partner company Apax Digital Fund had agreed to sell portfolio company Signavio to SAP, subject to customary closing conditions. AGA said the transaction valued its look through investment in Signavio at approximately €8.7m, representing an uplift of roughly 80% to last unaffected valuations and an uplift of about €3.9m to its adjusted net asset value on 30 September 2020.

The FTSE 250-listed firm noted that the aforementioned figures related to its look through position of ADF's overall investment in Signavio and were stated before taking into account any closing adjustments, fees, costs, and carried interest.

As of 0920 GMT, Apax Global shares were up 0.73% at 198.23p.
Get in touch today
Join Redmayne Bentley
Talk to us now about opening a new account or transferring your account from another provider
0113 243 6941
Get in touch today
Contact your local office
Contact your local office to find out more
The value of your investments and the income from them may go down as well as up, and you could get back less than you invested.
Continuing our Personal Service: View our Latest COVID-19 Update: 30th April 2021
We use cookies on this site to improve your experience and help us provide you with a better website. An explanation of the cookies we use and their purpose can be found within our Cookie Policy. Your continued use of this site means you consent to the use of cookies.