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IN BRIEF: Apax Global Alpha invests €11 million in Pickles Auctions

ALN

Apax Global Alpha Ltd - closed-ended investment company that invests in portfolio of private equity funds advised by private equity firm Apax Partners LLP - Says the Apax X Fund signed an agreement to acquire Pickles Auctions Pty Ltd. Expects to invest €11 million in the company. Expects the transaction to close by the fourth quarter of 2022. Pickles Auctions is a New South Wales, Australia-based auction company for vehicles, general goods, and industrial and salvage assets.

Current stock price: 166.50 pence

12-month change: down 18%

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