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>>> Funds advised by Apax Partners (“Apax Funds”) have today announced a definitive agreement to acquire ThoughtWorks, Inc. What does that mean? It's not liter
by elliotec 9y ago
>>> Funds advised by Apax Partners (“Apax Funds”) have today announced a definitive agreement to acquire ThoughtWorks, Inc.
What does that mean? It's not literally Apax buying the company, but "Funds advised by Apax"... does that mean it's just the money that owns it, or child companies, or some sort of fancy tax/legal structure?
- antr 9y agoPrivate equity manages funds, on behalf of LPs. Just the same as most VC funds. It's the same thing. Apax doesn't own the company, the fund does. Apax gets fees for the deployed capital and carry if the investment, upon exit, goes beyond a given return threshold.