France-based Apax Partners has held a final close on €255m for Apax Development Fund, the first small-cap and lower-mid-market fund raised by the GP since it acquired EPF Partners in 2017.
FDL Servizi founder and CEO Fausto Romelli retains a minority stake
Fergus Gallagher joins from Hogan Lovells and worked at Morgan Stanley and Jefferies on secondment
Odey Asset Management and Leapfrog Investments also back the round
Deal for endoscope manufacturer marks the final investment from SHS Fonds IV