Thedeal.com
11 Aug 2008
Apax Partners is reportedly close to selling a 10% in its general partnership to an Asian investor in a deal that would value the firm at around $10 billion as it seeks to expand aggressively in Asia.
Candidates to buy into the private equity firm have boiled down to three bidders: GIC, the sovereign wealth fund of Singapore; the Australian government's Future Fund; and Japanese financial services group Takefuji, according to Dow Jones Private Equity News.
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