Global private equity firm Apax Partners is looking to raise up to $300m for an Israel-focused buyout fund, The Wall Street Journal has reported.
While the firm has previously made venture capital and growth equity investments, the latest vehicle will target mid-market buyouts.
Fundraising is set to kick off within the coming months, the report said, with a first closing anticipated in the first quarter of 2014.
Zehavit Cohen a managing partner and the office head of Apax Partners Israel in Tel Aviv would lead the fund. Cohen has both led and participated in a number of key deals including Bezeq, Tnuva, Psagot and Paradigm. She serves as a board member to a number of Apax portfolio companies and previously chaired both the Tnuva and Psagot boards of directors.
AltAssets recently reported that Apax CEO Martin Halusa was to step down in January, only months after the firm’s $7.5bn fundraise.
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