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HARDMAN & CO RESEARCH Hardman & Co Research on Apax Global Alpha (APAX): CM day: further proof of value added by Apax

Transparency directive : regulatory news

10/07/2024 11:42

Hardman & Co Research
Hardman & Co Research on Apax Global Alpha (APAX): CM day: further proof of value added by Apax

10-Jul-2024 / 10:42 GMT/BST
The issuer is solely responsible for the content of this announcement.


Hardman & Co Research on Apax Global Alpha (APAX):

CM day: further proof of value added by Apax

 

The key messages from APAX’s well-received 2024 CM day and related announcements were: i) a new capital allocation policy with a set 11p dividend (current yield ca.7%) and creation of a distribution pool for future buybacks (if the discount is above 23%) (€30m has been seeded into pool and buybacks started); ii) the value added by the four-sector “hidden gems” strategy of buying businesses with unrealised potential at discount to peers (average 24%), improving them (average 15% increase in EBITDA growth during Apax Funds ownership), then selling at a premium (11%); and iii) the stock of exit-able businesses is rebuilding after above-normal exits in 2020-21.

 

Please click on the link below for the full report:

https://hardmanandco.com/research/corporate-research/cm-day-further-proof-of-value-added-by-apax/

 

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 Twitter @HardmanandCo

Contact:

Mark Thomas



 

 

mt@hardmanandco.com

 

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

1943491  10-Jul-2024 

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