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London (n-t), 03.02.2004 09:27


Apax partners appoints Michael Ward to Retail and Consumer team

Apax Partners, one of the world’s leading private equity groups, today announced the appointment of Michael Ward as a Partner. He will join the international Retail and Consumer team and be based in the London office. Mr Ward was previously the chief executive of retail for Celesio AG and head of the UK operations, Lloyds Chemists Plc. Prior to leading Celesio AG’s retail division Mr Ward was Group Finance Director of HP Bulmer Holdings Plc.

Dr Martin Halusa, CEO of Apax Partners Worldwide LLP, said, "We are increasingly active in the retail and consumer sector and Michael's operational and management experience will be a valuable addition to our existing team. We are delighted that he is joining us."

Mr Ward said, "I am looking forward to bringing my industry experience to bear in private equity. Apax has an outstanding retail investment track record with companies like Sunglass Hut, Waterstones, Tank & Rast, Nordsee and more recently investments in Phillips-Van Heusen/Calvin Klein, Focus Wickes and Silverscreen Holdings. I will be actively seeking new investment opportunities within the retail sector."

The appointment is effective immediately.

- ENDS -

NOTES TO EDITORS

About Apax Partners

Apax Partners is one of the world's leading private equity investment groups, operating across Europe, Israel, the United States and Japan. With over 30 years of direct investing experience, Apax Partners’ Funds provide long-term equity financing to entrepreneurs to build and strengthen world-class companies. It pursues a balanced equity portfolio strategy, investing in companies at all stages of development from early stage to buy-out.

Apax Partners’ Funds invest in companies across its 6 chosen global sectors of: information technology; telecommunications; healthcare; media; financial services; retail and consumer. Some of Apax Partners Funds’ retail and consumer investments include: Focus Wickes, Nordsee, Phillip-Van Heusen, Sephora, Sunglass Hut, Waterstones and Wendeln. For more information, please visit www.apax.com


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