After £794m APAX cash bid, a rerating of London's doubly-cheap private equity funds "is long overdue"

After £794m APAX cash bid, a rerating of London's doubly-cheap private equity funds "is long overdue"

Apax Partners’ cash bid for Apax Global Alpha may not be the catalyst for an immediate, sector-wide narrowing of listed private equity fund, say fund managers, but be in no doubt, ultra-wide share price discounts of 30%-40% are unsustainable. Something will eventually happen to close them Will Apax Partners’ recommended £794m cash bid last week to take Apax Global Alpha (APAX) off the stock market finally light a fire under the depressed listed …