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Apax Global Alpha to sell minority stake in Paycor

StockMarketWire.com

Investment company Apax Global Alpha said it had agreed to sell a minority stake in Paycor, a provider of SaaS payroll and human capital management software, to a group of investors.

The transaction valued Apax Global Alpha's look through investment in Paycor at approximately €51 million, representing an uplift of about 30% to last unaffected valuations and an uplift of about €11.8 million in the adjusted net asset value of AGA at 30 September 2020.







Story provided by StockMarketWire.com