Simpson Thacher is representing Apax Partners LLP (“Apax”) in connection with the recommended offer by Janus Bidco Limited, a newly formed entity wholly owned by Janus Topco Limited, a vehicle to be advised by Apax and funded by investors including funds managed or advised by Ares Management, to acquire the entire issued and to be issued share capital of Apax Global Alpha Limited (“AGA”). The offer comprises a cash offer and an unlisted share alternative offer. The cash offer values AGA’s share capital at EUR 916.5 million on a fully diluted basis. The acquisition is expected to be implemented by way of scheme of arrangement, subject to the approval of AGA’s shareholders.
AGA is a Guernsey registered closed-ended investment company admitted to the Official List and to trading on the London Stock Exchange's Main Market for listed securities. AGA primarily makes private equity investments in Apax funds, and also has a portfolio of debt investments, derived from the insights gained as a result of Apax's private equity activities.
The Simpson Thacher team includes Clare Gaskell, James Campisi, Sean Macdonald, John Saunders, Cie Jen Wong and Victoria Green (M&A); Seema Shah, Vasanth Padaki, Wilson Szet, Barnaby Geddes-O’Dolan, Athena Ng, Anushka Mehta and Riccardo Biasiotti Mogliazza (Funds); Kate Sinclair, Harry Briffitt and Edward Godwin (Credit); and Caleb McConnell, Meredith Jones, Tim Wells and Mitchell Li (Tax).