Apax Global Alpha Limited (AGA) recently announced that Mrs. Susan Breedon, the wife of Mr. Tim Breedon, a director of AGA, has acquired 8,000 Ordinary Shares of the company at a price of £1.455. These shares are held through a nominee arrangement with Hargreaves Lansdown Nominees Limited. Following this purchase, Mr. Breedon and his PCA now own 78,000 Ordinary Shares, representing less than 1% of the Company's total issued share capital.
AGA is a Guernsey registered closed-ended investment Company listed on the London Stock Exchange, regulated by the Guernsey Financial Services Commission. The company's objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends, targeting an annualized Total Return, across economic cycles, of 12-15% (net of fees and expenses) including a dividend yield of 5% of Net Asset Value. The company makes Private Equity investments in Apax Funds and has a portfolio of primarily Debt Investments, derived from the insights gained via Apax's Private Equity activities.
Apax Partners LLP, the Investment Adviser of AGA, is a leading global private equity advisory firm with over 50 years of experience. The firm has raised and advised funds with aggregate commitments of more than $65 billion, investing in companies across four global sectors of Tech, Services, Healthcare, and Internet/Consumer.
The transaction involving Mrs. Susan Breedon's acquisition of 8,000 Ordinary Shares took place on 4 April 2024 on the London Stock Exchange. The announcement also contains contact details for investor relations and the company secretary for further information.
For further details and information about Apax Global Alpha Limited and Apax Partners LLP, interested parties can visit the company's website at www.apaxglobalalpha.com and www.apax.com, respectively.