Apax Partners - History

History

History of private equity
and venture capital

Early history
(Origins of modern private equity)

The 1980s
(LBO boom)

The 1990s
(LBO bust and the VC bubble)

The 2000s
(Dot-com bubble to the credit crunch)

Apax Partners Worldwide is the product of the combination of three firms:

  • Patricof & Co., founded in 1969 in New York by pioneering venture capitalist Alan Patricof;
  • Multinational Management Group (MMG), founded in 1972 by Sir Ronald Cohen and Maurice Tchénio;
  • Saunders Karp & Megrue, founded in 1988 by Thomas A. Saunders III and Allan W. Karp and joined by John Megrue in 1992.

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Famous quotes containing the word history:

    Every generation rewrites the past. In easy times history is more or less of an ornamental art, but in times of danger we are driven to the written record by a pressing need to find answers to the riddles of today.... In times of change and danger when there is a quicksand of fear under men’s reasoning, a sense of continuity with generations gone before can stretch like a lifeline across the scary present and get us past that idiot delusion of the exceptional Now that blocks good thinking.
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    Regarding History as the slaughter-bench at which the happiness of peoples, the wisdom of States, and the virtue of individuals have been victimized—the question involuntarily arises—to what principle, to what final aim these enormous sacrifices have been offered.
    Georg Wilhelm Friedrich Hegel (1770–1831)