Apax Global Alpha Ltd (LSE:APAX)
£ 1.39 -0.022 (-1.56%) Market Cap: 679.26 Mil Enterprise Value: 591.93 Mil PE Ratio: 14.79 PB Ratio: 0.61 GF Score: 42/100
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Half Year 2024 Apax Global Alpha Ltd Earnings Call Transcript

Sep 05, 2024 / 08:30AM GMT
Release Date Price: £1.46 (+1.67%)
Ralf Gruss
Apax Global Alpha Ltd - Chief operating Officer, Partner at Apax, Member of the Allocation Committee

Thank you, and good morning, everyone. Thanks for joining Apex Global Alpha's 2024 interim results presentation. My name is Ralf Gruss. I'm a partner at Apex and a member of AGA's Investment Committee.

With me on the call today is Salim Nathoo. Salim is also a member of AGA's Investment Committee as well as a member of the investment committees of the global buyout funds; the Apax Digital Fund and the Apax Global Impact Fund.

I hope to give you an overview of AGA's portfolio and the performance in the first six months of 2024, and Salim will then cover the private equity portfolio in more detail before we open them up for questions.

At June 30, 2024, AGA's NAV was approximately EUR1.024 billion, which translates to EUR2.52 or GBP2.13 per share. The total NAV return for the first six months of the year was down 1.4%, which is clearly disappointing. On a high level, the key drivers for this were the write-down of Vyaire across both the private equity and debt

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