Examples of Apax Group in a sentence
For purposes of calculating the cumulative cash return received by the Apax Group, Marketable Securities (as defined below) shall be treated as cash.
The Company may assign its rights under this Section 5 to any of its Subsidiaries or to any member of the Apax Group (or its designee) so long as any Repurchase Note is issued or guaranteed by the Company.
The Chair asks if there are any members of the public who wish to speak; seeing none, he closes the public hearing at 7:46 p.m. He states that he and the Office of General Counsel will be reviewing the matter.
If upon the consummation of the Exit Event, the Apax Group fails to achieve the IRR Hurdle, the Company shall have the right, but not the obligation, to repurchase all or any portion of Employee’s Retained Shares at a purchase price equal to the lesser of (x) the Unreturned Common B Capital Amount of such Unvested Shares and (y) the Fair Value of such Unvested Shares as of Employee’s Termination Date.
The General Partner, the Employer and the Apax Group shall have the right, but not the obligation, in its sole discretion, to exercise the Call Option during the thirty (30) day period following the lapse of any Legal Prohibition, but in any event not later than three (3) years after the exercise of the Call Option; provided, that such right shall terminate immediately prior to a Change of Control.
Where the Derived Investment opportunity relates to a company for which an Apax Private Equity Fund is an investor, the Apax Group believes that it is able to leverage its knowledge of the company to provide insight into the potential Derived Investment opportunity without needing to undertake as fulsome a review as would be necessary for a new company.
The Apax Group seeks to provide portfolio companies with input in matters such as deal and industry experience, project management and planning capabilities and corporate finance insights.
Identify—Potential investment opportunities are derived from the core private equity process of the Apax Group.
From 2010 to 2014, the Apax Group reviewed approximately 1,300 potential private equity opportunities, of which approximately 300 deals were referred to the relevant investment adviser’s approval committee and approximately 75 to their investment committee, and approximately one third of these resulted in Apax Private Equity Fund investments.
Typically, Apax Private Equity Funds seek to acquire the right to nominate one or more directors on the boards of these portfolio companies, which they generally seek to fill with individuals of the Apax Group with relevant industry expertise.The Apax investment committee aims to review each portfolio company of an Apax Private Equity Fund and its development approximately twice per year, or more often where necessary.