An innovative deal between China Investment Corporation and Apax Partners is expected to value the UK buyout firm at around $5bn (€3.3bn), suggesting that valuations are holding up for the top performers in the asset class.

CIC is in negotiations to take a 2.3% stake in Apax Partners as part of a deal that will also involve the Chinese sovereign wealth fund investing in an Apax funds.

Toby Lewis

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Milbank hires private equity M&A rising star in Germany

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

Senior GIC private equity lawyer joins Dechert in London

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Apax retains $5bn value with CIC deal

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