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Apax Global Alpha Ltd - closed-ended investment company that invests in a portfolio of private equity funds advised by private equity firm Apax Partners - Agrees to invest approximately €22 million in IBS Software PLC, an Indian software provider for the travel and logistics industries.
This comes after its partner, Apax XI Fund on Monday announced it will acquire a minority stake in IBS.
Current stock price: 177.70 pence, up 0.5% in London
12-month change: down 5.5%
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