Hardman & Co Research on Apax Global Alpha ...

Hardman & Co Research Hardman & Co Research on Apax Global Alpha (Initiation of coverage): Making pearls out of oysters 13-Jan-2023 / 11:10 GMT/BST Hardman & Co Research on Apax Global Alpha (Initiation of coverage): Making pearls out of oysters Apax Global Alpha’s (AGA) core is the investment in the Apax Private Equity Funds, which, in turn, target the acquisition of private companies, whose performance is then transformed by Apax’s global insights and operational expertise. On average, investee company EBITDA growth accelerates by 15%, and margins improve by 8%. They become more valuable, and their sale relative multiple is typically ca.30% higher than on purchase. Repeating this playbook in four sectors with resilient, secular growth, has given investors 2.5x the total returns of the FTSE All-Share index since IPO. Exit uplifts prove a conservative NAV, and AGA’s strong outperformance through the COVID-19 turbulence proves its resilience. The current discount is 30%. Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/making-pearls-out-of-oysters/ If you are interested in meeting the company, you can register your interest by clicking on the above link To contact us: Hardman & Co 1 Frederick’s Place London EC2R 8AE www.hardmanandco.com Follow us on Twitter @HardmanandCo Contact: Mark Thomas [phone] [e-mail]   Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report. Dissemination of a CORPORATE NEWS, transmitted by EQS Group. The issuer is solely responsible for the content of this announcement.

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