Hardman & Co Research / GB00B00FPT80
26.09.2024 - 12:36:07Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly
| Hardman & Co Research Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly 26-Sep-2024 / 11:36 GMT/BST The issuer is solely responsible for the content of this announcement. Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly The key messages from AGA’s 1H’24 results were i) a strong rebound in deal activity both for investments and exits (the regular announcements mean this trend was expected), ii) strong growth in investee company EBITDA growth (organic 12.6%, up from 12.2% in FY’23) ? widening margins reflect the value added by Apax, iii) buybacks utilising the distribution pool started at end-June, and iv) continued diversification and liquidity benefits from the debt portfolio. As noted in our July note, CM day: further proof of value added by Apax, the stock of exit-able businesses is rebuilding. The as-expected interim dividend (5.5p) generates an annual yield of 7.7%. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/apax-1h24-deal-activity-coming-back-strongly/ If you are interested in meeting the company, you can register your interest by clicking on the above link.
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