Apax plans $500 mln Israel mid-market fund

The new fund will target 10 deals of $25 million to $100 million, Nico Hansen, a partner at Apax, told a private equity conference in London, sister news service Reuters reported. The money for the fund will come from local investors, he said.

Hansen added that Apax’s global fund would continue to target deals of over $200 million.

Freya Berry is a correspondent for Reuters in London.