Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly

Hardman & Co Research / GB00B00FPT80

Hardman & Co Research
Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly

26-Sep-2024 / 11:36 GMT/BST
The issuer is solely responsible for the content of this announcement.

---

Hardman & Co Research on Apax Global Alpha (APAX): 1H’24 deal activity coming back strongly   The key messages from AGA’s 1H’24 results were i) a strong rebound in deal activity both for investments and exits (the regular announcements mean this trend was expected), ii) strong growth in investee company EBITDA growth (organic 12.6%, up from 12.2% in FY’23) ? widening margins reflect the value added by Apax, iii) buybacks utilising the distribution pool started at end-June, and iv) continued diversification and liquidity benefits from the debt portfolio. As noted in our July note, CM day: further proof of value added by Apax, the stock of exit-able businesses is rebuilding. The as-expected interim dividend (5.5p) generates an annual yield of 7.7%.   Please click on the link below for the full report: https://hardmanandco.com/research/corporate-research/apax-1h24-deal-activity-coming-back-strongly/   If you are interested in meeting the company, you can register your interest by clicking on the above link.

To contact us: Hardman & Co 9 Bonhill Street London EC2A 4DJ www.hardmanandco.com Follow us on X @HardmanandCo

Contact: Mark Thomas

[e-mail]

Hardman & Co Research can still be accessed for free after MiFID II. Please click here to read the statement. About Hardman & Co: Hardman Research Ltd, trading as Hardman & Co, is an appointed representative of Capital Markets Strategy Ltd and is authorised and regulated by the Financial Conduct Authority; our FCA registration number is 600843. Hardman Research Ltd is registered at Companies House with number 8256259. Attention is drawn to the important disclaimers at the end of the report.

---

Dissemination of a CORPORATE NEWS, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.

---

End of Announcement - EQS News Service 1996545  26-Sep-2024