Apax Global Alpha Ltd - provides access to private equity funds advised by Apax Partners LLP - Takes part in acquisition of controlling stake in Palex Medical SA, a Barcelona-based medical technology supplier. Apax XI Fund, in which Apax Global Alpha is a limited partner, agrees to buy a co-controlling stake in Palex, alongside Fremman Capital, part of Fremman Ltd. For its part, Apax Global Alpha will invest about €15 million on a look-through basis. The deal is expected to close in the fourth quarter. Palex was founded in 1955 and provides medical equipment to hospitals and laboratories in Spain, Portugal and Italy.

Current stock price: 171.97 pence

12-month change: up 1.2%

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