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Apax to acquire stake in Trader Media Group23/03/2007. Source: AltAssets. 
 Apax Partners has announced the proposed acquisition of a 49.9 per cent stake in Trader Media Group from the Guardian Media Group. GMG will retain a 50.1 per cent stake in the business. The transaction values Trader at £1.35bn.
Apax partner Tom Hall said, 'We have followed the development of Trader with admiration for some time and are looking forward to partnering with GMG in such a high quality business. Our significant investment experience in the classified directories sector qualifies Apax well to support Trader in the continued evolution of both its print and online platforms.'
Apax operates across the US, Europe, Israel and Asia and has $20bn of funds under management. The firm recently teamed up with Morgan Stanley Principal Investments to acquire Hub International, an insurance broker in North America, in a $1.8bn deal.
Apax's other investments in the media sector have included Incisive Media, Central European Media Enterprises, HIT Entertainment, World Directories and Yell.
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