Skip Header
Important information: The value of investments can go down as well as up so you may get back less than you invest. Investors should note that the views expressed may no longer be current and may have already been acted upon. This is a third-party news feed and may not reflect Fidelity’s views.

Apax Global Alpha to invest €8m in IANS

(Sharecast News) - Investment firm Apax Global Alpha said on Wednesday that it intends to invest roughly €8.0m in order to acquire research and advisory services business IANS.

Apax Global Alpha said it has reached a definitive agreement to acquire IANS, with the transaction expected to close in Q2, subject to customary closing conditions.

The London-listed group stated the partnership will enable IANS to accelerate product development, expand its value proposition, and scale its go-to-market efforts, which will help the company meet the increasing demand for InfoSec decision support services and strengthen its leadership position in the market.

"Note that AGA's expected investment in IANS is calculated based on the look-through positions of ADF II's overall investment in IANS and is translated based on the latest exchange rates available where applicable," added Apax Global.

As of 1015 BST, Apax Global Alpha shares were up 0.71% at 142.0p.

Reporting by Iain Gilbert at Sharecast.com

Share this article

Related Sharecast Articles

Hummingbird announces restart at Kouroussa
(Sharecast News) - Hummingbird Resources announced the remobilization of Corica Mining Services at the Kouroussa Gold Mine in Guinea on Friday, after a work stoppage on March 17.
Drilling to start on Oracle's Northern Zone project
(Sharecast News) - Oracle Power announced on Friday that drilling is set to start next week at the Northern Zone Gold Project, 25 kilometres east of Kalgoorlie in Western Australia.
Fulcrum Metals extends date for sale of uranium assets
(Sharecast News) - Fulcrum Metals announced an extension to the completion date for the proposed sale of its Saskatchewan uranium projects to Terra Balcanica Resources on Friday.
PipeHawk subsidiary awarded £0.75m contract
(Sharecast News) - PipeHawk announced on Friday that an unnamed building materials company had awarded its subsidiary QM Systems a significant contract.

Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.

Award-winning online share dealing

Search, compare and select from thousands of shares.

Expert insights into investing your money

Our team of experts explore the world of share dealing.