Reuters
12 Aug 2008
LONDON, Aug 12 (Reuters) - Private equity firm Apax [APAX.UL] is within days of selling a 10 percent stake in itself to sovereign wealth funds from Australia and Singapore and a Japanese investor, the Times reported on Tuesday.
The Australia Government Future Fund, the Government of Singapore Investment Corporation (GIC) and an undisclosed Japanese company have agreed in principle to invest several hundred million euros in Apax, the newspaper said, citing an unnamed senior source.
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