Apax Partners is understood to be the front-runner in the race to acquire Emap's B2B publishing division. Apax's offer includes financing from Guardian Media Group. Apax owns a substantial minority stake in Auto Trader publisher Trader Media Group, which is majority-owned by Guardian Media Group. Apax also owns B2B publisher Incisive Media. The transaction is expected to value the division at between £1.2bn and £1.4bn.
Social care and healthcare software platform is following a buy-and-build strategy
Company intends to further boost its growth both organically and via strategic acquisitions
Fund focuses on mid-market companies across western Europe, within a range of sectors
Sale ends a five-year holding period for Apax, which acquired a majority stake in Sandaya from Pragma Capital