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Monday, 27 June 2016

Apax shows how a clean leveraged buyout works

Apax a punch

The private equity firm is selling insurance broker Hub in a $4.4 bln deal for a tidy profit six years after taking it private. Apax used a big slug of equity and doubled EBITDA without siphoning off any special payouts for itself. Over to Hellman & Friedman to repeat the feat.

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