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Sovereign Wealth Funds Briefing - Categorized | Investment

Apax retains $5bln value with CIC deal

Posted on 04 December 2009

From WSJ: An innovative deal between China Investment Corp. and Apax Partners is expected to value the U.K. buyout firm at around $5 billion, suggesting that valuations are holding up for the top performers in the asset class.

CIC is in negotiations to take a 2.3% stake in Apax Partners as part of a deal that will also involve the Chinese sovereign wealth fund investing in an Apax funds……………………………Full Article: Source

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VRS - who has written 15806 posts on Opalesque Sovereign Wealth Funds Briefing.


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