M&A Deal Summary

Apax Acquires Pickles Auctions

On July 25, 2022, private equity firm Apax acquired business services company Pickles Auctions

Acquisition Highlights
  • This is Apax’s 13th transaction in the Business Services sector.
  • This is Apax’s 2nd transaction in Australia.

M&A Deal Summary

Date 2022-07-25
Target Pickles Auctions
Sector Business Services
Buyer(s) Apax
Deal Type Buyout (LBO, MBO, MBI)

Target

Pickles Auctions

Belmore, Australia
Pickles Auctions is Australia’s Auctioneer and Valuer, delivering exceptional service to their vendors and customers daily. Pickles Auctions engages in asset remarketing across industrial, cars, trucks, and salvage. Pickles Auctions was founded in 1964 and is based in Belmore, Australia.

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Buyer(S) 1

Buyer

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 250 of 266
Sector: Business Services M&A 13 of 17
Type: Buyout (LBO, MBO, MBI) M&A Deals 60 of 62
Country: Australia M&A 2 of 2
Year: 2022 M&A 5 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-09 MyCase

San Diego, California, United States

MyCase is an all-in-one legal practice management software designed for a modern law firm. The company covers the entire client lifecycle with Lead Management, Case Management, Billing and Invoicing, and Robust Reporting. It includes market-leading features such as integrated MyCase Payments, 2-way text messaging, MyCase Client Portal to centralize client communication, and MyCase Drive. The MyCase family of brands includes the broadest suite of legal practice management software solutions in the industry including MyCase, CASEpeer (Personal Injury), Soluno (Billing & Accounting), DocketWise (Immigration), and Woodpecker (Document Automation). MyCase was founded in 2010 and is based in San Diego, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-06 DCI

Tampa, Florida, United States

DCI operates a chemical bulk logistics network. DCI was formed in 1984 and is based in Tampa, Florida.

Sell -