UPDATE: Apax Partners Said Planning for IPO
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(Updated - April 9, 2015 12:26 PM EDT)
Apax Partners said to ready IPO in push for permanent funds, according to Bloomberg.
UPDATE - Shares of Apax's largest fund, Permanent Capital Vehicle, would begin trading in London following the offering.
Apax is looking to tap a continued boom in the M&A segment and allow it easier access to capital, versus having to approach money managers and wealthy individuals to raise funds every four or five years.
About $250 million worth of stock is expected to be offering in the IPO with Jefferies and Credit Suisse leading the effort.
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