Apax Global Alpha Ltd - London-based investment trust - Notes Apax X Fund, in which it is a limited partner, will sell its minority stake in AffiniPay, a provider of professional services software and payments serving legal, accounting, architectural, engineering and construction firms. The stake sale is to Genstar Capital and TA Associates. It will result in a full exit of Apax X’s residual stake in AffiniPay. Apax Global says it will receive totalproceeds of around €28 million from Apax X’s investment in MyCase and subsequently in AffiniPay.

Current stock price: 155.00 pence per share, down 1.9% on Thursday afternoon in London

12-month change: down 12%

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