Apax Funds acquires controlling stakes in Integrated Environmental Solutions

LONDON, UK: Apax Global Alpha, the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it will be investing approximately €5.1m in Integrated Environmental Solutions on a look-through basis.

On 27th February 2024, the Apax Global Impact Fund (AGI), in which AGA is a limited partner, announced that it has reached an agreement to acquire a controlling stake in Integrated Environmental Solutions (“IES”), a leader providing of software to optimise a building’s energy use.

IES delivers innovative technology solutions and consultancy services to help decarbonise buildings, communities, and cities. IES simulates and analyses data to give those involved in the design, retrofit and operation of buildings the information needed to make smarter, more sustainable decisions.

This investment will enable IES to scale to meet the increasing demand for sustainability-focused software solutions from building designers, owners, and tenants.

Note that AGA’s investment in IES is calculated based on the look-through position of AGI’s overall investment in the company and is translated based on the latest exchange rates available where applicable.

AGA, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of predominantly debt investments (‘Derived Investments’). In March 2022, AGA made a commitment of $60m to AGI.

Apax Global Alpha Limited has acquired WGSN

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