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Baillie Gifford’s outgoing senior partner reflects on almost four decades in asset management

Lexington Partners gets GBP39 million from Apax Global share sale Thu, 20th May 2021 11:42 (Alliance News) - Lexington Partners has sold almost GBP40 million in shares in Apax Global Alpha Ltd, Jefferies International Ltd said on Thursday. The 20.7 million shares were sold at a price of 188.00 pence each, representing a 5.9% discount to Wednesday's closing price of 199.8p. Shares in private equity and derived investments-focused firm Apax Global Alpha were trading 2.6% lower at 194.58p in London on Thursday. Lexington received GBP38.9 million from the sale. Apax Global Alpha did not receiv...

14 May 2021 | 07:28am StockMarketWire.com - Private equity fund Apax Global Alpha said Global-e, a provider of cross-border e-commerce solutions, had made its public market debut on the Nasdaq Global Select Market on 12 May 2021. The closing price per share of common stock on 12 May was $25.5. At the closing Price, and based on closing exchange rates, Apax Global Alpha's look through position in Global-e was valued at about €17.4 million. 'This represents an uplift of 234% or c.€12.2m to Global-e's fair value at 31 March 20212 and an uplift of c.0.9% of AGA's Adjusted NAV (or €0.02...

Florida’s $245.8 billion state investment office has terminated another of its investments with AQR Capital Management, despite the quant firm’s improving performance. The Florida State Board of Administration shared its first-quarter manager commitments and terminations on Tuesday, revealing that had it ended a commitment of $375 million to AQR at the beginning of February. This follows the investment office’s 2019 decision to terminate a separate U.S. equity investment with AQR worth $163 million.   AQR would go on to post strong performance for the first quarter, as  Institutiona...

17 March 2021 | 09:20am StockMarketWire.com - Apax Global Alpha's Apax X Fund entered into an agreement to acquire a majority stake in Lutech SpA for about €8.5 million, an IT services, software and technology company in Italy. The transaction was expected to close in the second quarter of 2021, subject to customary closing conditions. On a look through basis, AGA is expected to invest approximately €8.5m in the company. Founded in 2001, Lutech, an Italian IT services and solutions provider, designs and enables digital transformation and innovative enterprise technologies for private a...