Governance

The company is managed by committees at the strategic and investment levels.

Compliance

Apax Partners is a portfolio management company regulated by the Autorité des Marchés Financiers (AMF), France financial regulatory authority. The firm manages regulated funds (Fonds Professionnels de Capital Investissement – FPCI) and complies with the EU’s Alternative Investment Fund Managers Directive (AIFMD). Apax Partners is also a member of Association Française des Investisseurs pour la Croissance (AFIC), the French private equity association.

Transparency

The company continuously provides detailed reporting to its investors on the performance of investment funds and portfolio companies.

RESPONSIBLE INVESTOR

A voluntary ESG approach

Apax Partners decided, in 2011, to embrace a comprehensive environmental, social, and governance (ESG) strategy.

ESG Team

Apax Partners decided to allocate dedicated resources: a partner and an ESG manager to coordinate the ESG policy.  For each company, Apax Partners’ ESG team provides concrete support to implement and follow through its tailor-made action plan.

In 2012, Apax Partners was awarded from Pantheon the “GP Responsible Investing Award”. In 2015 and in 2016, Apax Partners was assessed “A+” in “Overarching Approach” and “A” in “private equity” Module by the Principles for Responsible Investment (PRI).

In 2016, Apax Partners won the ESG Prize awarded by Private Equity Magazine.

A contribution at every stage of the investment process

Prior to an acquisition, we:

  • Conduct ESG due diligence;
  • Integrate ESG principles into offers and shareholder agreements.

During the holding period, we:

  • Define a specific roadmap with management;
  • Encourage the appointment of a company project leader;
  • Support implementation of the action plan;
  • Follow through the implementation and results via appropriate governance.

At exit, we:

  • Provides ESG vendor due diligence.

ESG initiatives

  • In 2015, Apax Partners launched Initiative Carbone 2020 with four other GPs. This initiative is the first private equity commitment to manage and reduce greenhouse gas emissions in portfolio companies.
    Apax Partners is an active member of AFIC ESG commission.
    Apax Partners contributes also to PRI guide “Integrating ESG in private equity” with a dedicated Apax Partners case study.
  • In 2016, Apax Partners completed two pilot projects to measure ESG contribution to value creation. Both pilots confirmed a positive impact and encourage to extend the initiative to other portfolio companies.
  • Apax Partners is an active member of AFIC ESG commission.