EUROPE - Two senior partners leave Apax

Alex Fortescue, head of Apax's European retail team, has left by mutual consent, according to the firm. Fortescue had been at Apax for ten years and had worked on the buyouts of Nordic garden chain Plantasjen Group and UK retailers Somerfield and New Look. His role will be merged into the new position of global head of retail under John Megrue, who is also head of the American office.

Michael Grabiner, a partner at the firm for nine years, has decided to retire from the business, leaving his brother Stephen as head of the media sector at the private equity firm.

Current chief executive Martin Halusa is expected to be re-elected for another four year term this year.

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