Apax Global Alpha Sees Rising Deal Activity, Says Hardman & Co Research

Hardman & Co Research has released an analysis indicating that Apax Global Alpha (AGA) is experiencing a resurgence in deal activity. This uptick suggests that AGA has surpassed a critical inflexion point, with both investment and exit activities returning to more typical levels. The increased activity is building a stock of exit-able businesses amid rising market demand.

The research highlights several key impacts of this trend. Firstly, there is an anticipated stronger correlation between EBITDA growth and Net Asset Value (NAV) growth. Additionally, the increased deal activity is expected to improve cash flows, market sentiment, and reduce the discount to NAV. These factors, coupled with Apax's operational improvements, are seen as vital for long-term performance enhancement.