Apax XI Fund signs agreement to acquire Palex

LONDON, UK: On 31 July 2023, the Apax XI Fund has signed a definitive agreement to acquire a co-controlling stake in Palex, the leading distributor of medical technology (MedTech) equipment and solutions in Southern Europe, alongside Fremman Capital. The transaction is expected to close by Q4 2023, subject to customary closing conditions. Founded in 1955…