M&A Deal Summary

Apax Acquires S&W

On November 25, 2024, private equity firm Apax acquired business services company S&W from Evelyn Partners

Acquisition Highlights
  • This is Apax’s 15th transaction in the Business Services sector.
  • This is Apax’s 36th transaction in the United Kingdom.

M&A Deal Summary
Date 2024-11-25
Target S&W
Sector Business Services
Buyer(s) Apax
Sellers(s) Evelyn Partners
Deal Type Divestiture

Target

S&W

London, United Kingdom
S&W is a professional services firm, it's broad range of services span business and private client tax advice, assurance and business services and a suite of advisory and digital services that include recovery and restructuring, forensic services, and transactions. S&W is based in London, United Kingdom.

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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 263 of 263
Sector (Business Services) 15 of 15
Type (Divestiture) 28 of 28
Country (United Kingdom) 36 of 36
Year (2024) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-09-03 Altus

New York, New York, United States

Altus is a full-service fire and life safety services platform. Altus offers a complete suite of solutions, from the design, engineering, installation, and servicing of state-of-the-art fire and life safety systems, to training, consulting, crisis management, and business continuity services. Altus is headquartered in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-12-09 AssuredPartners

Orlando, Florida, United States

AssuredPartners is a full-service insurance broker, offering property and casualty and employee benefits insurance products and services to middle-market businesses, public institutions, and high-net-worth individuals. AssuredPartners was founded in 2011 and is based in Orlando, Florida.

Sell $13.5B

Seller(S) 1

SELLER

Evelyn Partners

London, United Kingdom
Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

Evelyn Partners is an investment and financial planning group that offers a range of services including financial planning, investment management, and advice, and, through our Bestinvest service, a leading online platform for those who prefer to manage their own investments. Evelyn Partners was founded in 1986 and is based in London, United Kingdom.

DEAL STATS #
Overall 1 of 1
Sector (Business Services) 1 of 1
Type (Divestiture) 1 of 1
Country (United Kingdom) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-03 HFS Milbourne

Surrey, United Kingdom

HFS Milbourne provides a range of IFA services, including advice on savings, investments, and pensions as well as general personal & corporate financial planning. HFS Milbourne was founded in 2005 and is based in Surrey, United Kingdom.

Buy -
Mergr

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