Apax in for D+S Europe

Apax Partners, a global private equity firm, has launched a €13 per share takeover bid for D+S Europe, a German e-commerce service provider.

An offer for the entire issued shares would be worth approximately €490m (US$776m) according to data from Reuters.

D+S management said that it supports the bid. Apax has already secured 27% of the company’s capital via undertakings from shareholders and a capital increase.

Apax, through its Pryamus S.a.r.l vehicle based in Luxembourg, has inected €42.5m through a capital increase and has offered €13 per share for the rest of the business.