UK markets close in 8 hours 6 minutes
  • FTSE 100

    7,914.69
    +49.98 (+0.64%)
     
  • FTSE 250

    20,312.79
    +123.79 (+0.61%)
     
  • AIM

    881.09
    +1.96 (+0.22%)
     
  • GBP/EUR

    1.1248
    +0.0018 (+0.16%)
     
  • GBP/USD

    1.2099
    +0.0047 (+0.39%)
     
  • BTC-GBP

    19,186.75
    +170.39 (+0.90%)
     
  • CMC Crypto 200

    535.45
    +9.49 (+1.80%)
     
  • S&P 500

    4,164.00
    +52.92 (+1.29%)
     
  • DOW

    34,156.69
    +265.67 (+0.78%)
     
  • CRUDE OIL

    77.58
    +0.44 (+0.57%)
     
  • GOLD FUTURES

    1,893.60
    +8.80 (+0.47%)
     
  • NIKKEI 225

    27,606.46
    -79.01 (-0.29%)
     
  • HANG SENG

    21,283.52
    -15.18 (-0.07%)
     
  • DAX

    15,431.26
    +110.38 (+0.72%)
     
  • CAC 40

    7,169.53
    +37.18 (+0.52%)
     

Hardman & Co Research on Apax Global Alpha (Initiation of coverage): Making pearls out of oysters

Hardman & Co Research
Hardman & Co Research on Apax Global Alpha (Initiation of coverage): Making pearls out of oysters
13-Jan-2023 / 11:10 GMT/BST

Hardman & Co Research on Apax Global Alpha (Initiation of coverage):
Making pearls out of oysters

 

Apax Global Alpha’s (AGA) core is the investment in the Apax Private Equity Funds, which, in turn, target the acquisition of private companies, whose performance is then transformed by Apax’s global insights and operational expertise. On average, investee company EBITDA growth accelerates by 15%, and margins improve by 8%. They become more valuable, and their sale relative multiple is typically ca.30% higher than on purchase. Repeating this playbook in four sectors with resilient, secular growth, has given investors 2.5x the total returns of the FTSE All-Share index since IPO. Exit uplifts prove a conservative NAV, and AGA’s strong outperformance through the COVID-19 turbulence proves its resilience. The current discount is 30%.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/making-pearls-out-of-oysters/

If you are interested in meeting the company, you can register your interest by clicking on the above link

To contact us:

Hardman & Co
1 Frederick’s Place

London

EC2R 8AE

www.hardmanandco.com

Follow us on Twitter @HardmanandCo

Contact:

Mark Thomas



+44(0)203 693 7075

 

mt@hardmanandco.com

 

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement.

About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.


Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

End of Announcement - EQS News Service

show this
show this