Monday, May 09, 2005

Apax VC fund realizes its long overdue potential



"Apax Israel, headed by Hanoch Barkat, is identified with high-tech and VC investments in contrast to its parent company, which concentrates on acquiring companies in leveraged transactions in private equity investment. Apax has a broad 12 billion euro portfolio including media, healthcare, retail, financial services, IT and telecom companies."

"The lion's share of the $700 million that Apax Partners has set aside for investments in Israel stay in the bank most of the time. Only a third of that amount is invested in 42 small and medium-sized start-ups. The fund realized two if its investments this year when it sold Petach Tikva-based Native Networks and Raanana-based Modem-Art."

[Haaretz.com[

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