Hardman & Co Research / GG00BWWYMV85
23.11.2023 - 13:43:04Hardman & Co Research on Apax Global Alpha (APAX): “Hidden Gems” strategy: green shoots into live deals
| Hardman & Co Research Hardman & Co Research on Apax Global Alpha (APAX): “Hidden Gems” strategy: green shoots into live deals 23-Nov-2023 / 12:43 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Apax Global Alpha (APAX): “Hidden Gems” strategy: green shoots into live deals In our view, the most interesting new information from AGA’s 3Q results was the comment “a further five investments post quarter end” with a further one announced since. This six-week performance compares with two investments in the whole previous quarter. Market wide, there are comments about encouraging green shoots of activity, but Apax is now completing deals. We explore, here, what is unique about the “Hidden Gems” strategy and why it is creating these opportunities. Interestingly, the deals have a broad range of EBITDA growth options, giving comfort that unchanged target returns remain realistic despite the higher interest rate environment. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/apax-hidden-gems-strategy-green-shoots-into-live-deals/ If you are interested in meeting the company, you can register your interest by clicking on the above link.
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