Apax boosts US firepower with Saunders Karp & Megrue

Apax Partners, the UK-based buy-out firm, plans to team up with Saunders Karp & Megrue, an investment group, to boost its US presence.

The merger will add 15 to Apax Partners' US operation, and comes ahead of a planned fundraising which is expected to raise $1.5bn in the next 12 months.

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