Apax Partners MidMarket Raises €1 Billion for its Ninth Fund

March 17, 2017

Willkie’s Paris office advises Apax Partners MidMarket, a leading private equity firm in Europe, in the structuring and fundraising of Apax France IX. 

On March 16, Willkie client Apax Partners MidMarket, a leading French and European private equity firm, announced that it has raised €1 billion for its ninth fund, Apax France IX. Willkie advised Apax Partners MidMarket with respect to the structuring and fundraising of the fund.

Apax France IX concluded its fundraising by reaching its hard cap set at €1 billion, exceeding its initial target of €750 million. This successful fundraising is the result of a strong reengagement of Apax France VIII’s investors (by 84%), the return of historic investors of previous funds, and the admission of approximately 20 new institutional investors and family offices.

The fund’s investment strategy will remain identical to that of previous funds, targeting investments in the midmarket segment and in Apax’s three sectors of specialization: TMT, distribution & consumer goods and services/health, in France, Benelux and Switzerland.

The Willkie team was led by partner Nathalie Duguay and included associates Raphaël Bloch, Nicolas Capelli and Loïc Toilier.