Apax holds final close of AMI Opportunities...

Apax holds final close of AMI Opportunities Fund II above target

24th July 2024

• Apax Partners LLP ("Apax"), a global private equity advisory firm, today announced the successful close of AMI Opportunities Fund II ("AMI II") at $600m, exceeding the initial target of $500m
• AMI II will pursue the same strategy as its predecessor fund and primarily invest in Israeli related mid-market companies
• The fundraise saw strong demand from both new and returning institutional investors
• To date, AMI II has deployed c.$50m across 2 investments
  
  

Apax today announced the successful final close of AMI II at $600m, exceeding the initial target of $500m.

Apax's Israel team, led by Zehavit Cohen, will build on the success of AMI I which has delivered top decile performance to date, following investments in companies such as Global-e, Go Global Travel, Zap and Max Stock.

In line with its predecessor fund, AMI II will primarily pursue control buyout investment opportunities across the Tech, Services, Healthcare, and Internet/Consumer sectors in Israel or with a significant Israeli connection.

To date, AMI II has deployed c.$50m across two investments, Chavat Daat, Israel's largest private specialty veterinarian hospital, and Zoo Eretz, an Israeli wholesaler and retailer of pet food and pet related products.

Zehavit Cohen, Partner at Apax, said: "We would like to thank our Limited Partners for their support and confidence. The fact that AMI II has exceeded its initial target, is testament to our strong track-record in Israel, spanning 25 years. AMI II has already made two investments and we are excited about the pipeline and opportunities that lie ahead."