It is understood that Apax is considering a £1.8bn sale of supermarket portfolio company Somerfield after receiving several direct approaches for the business. Bristol-based Somerfield operates approximately 900 stores, primarily in town centres, which have been attracting attention from trade buyers Sainsbury's, Morrisons and Asda.
SFO specialises in the takeover and further development of mechanical and plant engineering companies
Apax Digital Fund closed on $1bn in December 2017 and was deployed 23% in December 2019
This is the seventh investment made by the GP via Meridia Private Equity I, a €105m fund closed in 2017
Oprah Winfrey, Roc Nation, Natalie Portman, and former Starbucks CEO Howard Schultz also take part in the round