|
Almeida Capital is pleased to be a premier sponsor of AltAssets
|
FREE newsletter RSS
INTELLIGENCE
RECRUITMENT
KNOWLEDGE BANK
EVENTS
SECTOR ANALYSIS
HEDGE FUNDS
|
PRINT THIS PAGE Apax to sell Global Refund to Barclays Private Equity08/08/2007. Source: AltAssets. 
 Apax Partners has agreed to sell Global Refund to Barclays Private Equity. As part of the transaction, the management of Global Refund will continue to be substantial shareholders in the business. The transaction values the company at more than €360m.
Global Refund is an international provider of travel-related financial services. Global Refund generated EBITDA of €30.8m in the year to March 2007, according to a statement.
Stephen Green, head of financial and business services at Apax Partners, said, 'We are pleased to achieve a successful result from our partnership with Global Refund. We have taken a long-term approach to creating value, working with management to enter new markets and launch new products, which has positioned Global Refund for growth into the future. We wish the team every success going forward.'
This deal marks the second recent successful exit for Apax, following the sale of Healthcare at Home to Hutton Collins.
Apax operates across the US, Europe and Asia. Funds under the advice of Apax total $20bn.
Copyright © 2007 AltAssets
|
 
|
|
|
