Apax Global Alpha Limited, a Guernsey registered closed-ended collective investment scheme, announced that Mr. Mark Despres, a director of Apax Guernsey Managers Limited, sold a total of 9,449 Ordinary Shares of the company on September 12, 2023, at a price of £1.65928 per share. Following this sale, Mr. Despres now owns 10,000 Ordinary Shares, representing less than 1% of the company's total issued share capital.
Apax Global Alpha Limited's objective is to provide shareholders with capital appreciation from its investment portfolio and regular dividends. The company targets 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 investment policy of the company is to make Private Equity investments in Apax Funds, and Derived Investments which are investments in equities and debt derived from the insights gained via Apax Partners' Private Equity activities.
Apax Partners LLP, a leading global private equity advisory firm, is the Investment Adviser for Apax Global Alpha Limited. The firm has raised and advised funds with aggregate commitments of more than $60 billion and invests in companies across four global sectors of Tech, Services, Healthcare, and Internet/Consumer.
For further information about Apax Global Alpha Limited and its publications, visit the company's website at www.apaxglobalalpha.com. More information about Apax Partners LLP can be found at www.apax.com.