Apax aims to raise €11bn fund
Apax Partners is looking to raise an €11bn buyout fund in 2011, according to media reports.
With its previous fund - a €11.2bn buyout vehicle raised in 2007 - invested at around 60% already, Apax could apparently hit the road as soon as it completes the $8.5bn acquisition of Danish cleaning group ISS.
As other large-cap players including Blackstone and Lion Capital are in the process of raising mega-funds, Apax is reportedly confident that the €3.4bn it has returned to investors this year will enable it to match the target of its previous vehicle.
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