Apax Partners
London, GB · ~$10-100B AUM
Why it invests in the trades
Apax backs Authority Brands, a home-services franchisor platform. Partner Ashish Karandikar described the 2019 Clockwork acquisition as 'transformational,' saying the Clockwork brands 'operate in attractive markets and will bring scale and diversification.' The deal doubled Authority Brands' system revenue past $1 billion and brought the Sarasota-rooted One Hour, Benjamin Franklin and Mister Sparky franchise networks under Apax-backed ownership.
Platforms in Tampa Bay (1)
Authority Brands
Local brands ultimately backed by Apax Partners (1)
Clockwork Home Services, Inc.
Deals
Frequently asked
What does Apax Partners own in Tampa Bay?
Is Apax Partners a private-equity firm?
Yes.
How long will Apax Partners hold these companies?
Private-equity funds typically target a 3–7 year hold before a sale, recapitalization or continuation fund. See "Notable exits" for how this investor has behaved before, and Debt, exits and the 5-year clock.
Sources Verified — primary document
- Apax Partners (2018-10-01) — press release. Acquisition of Authority Brands; month-level date
- Apax Partners — press release. Authority Brands partnership page
- Apax Partners (2019-02-21) — press release. Sponsor's own announcement; Karandikar quote
- PR Newswire (2019-02-21) — press release. Apax identified as Authority Brands' backer
Researcher notes: Neither page fetched; dates inferred from titles. | AUM band is an approximation, not taken from a cited source.
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