Skadden Advised Apax Global Alpha On €916.5 Million Recommended Acquisition

Skadden Advised Apax Global Alpha on €916.5 Million Recommended Acquisition

The global law firm Skadden advised Apax Global Alpha Limited (AGA) on the recommended cash acquisition of all AGA shares by a newly formed Guernsey limited company indirectly owned by an Apax Partners LLP-advised investment vehicle. AGA is a closed-ended investment company listed on the London Stock Exchange.

The newly formed company will be partly funded by funds managed by Ares Management LLC and its affiliates. The acquisition, intended to be effected through a court-sanctioned scheme of arrangement, offers £1.65 per share, valuing AGA at approximately €916.5 million (approximately £794.5 million) on a fully diluted basis.

The Skadden team advising on the matter is led by Katja Butler (Partner) and Craig Kelly (Partner).

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