Apax Partners $1.7 billion acquisition of Trade Me

Overview:

• British private equity firm Apax Partners has acquired Trade Me—New Zealand's largest e-commerce company—for NZ$2.56 billion ($1.7 billion).
• The deal represents the largest takeover undertaken in New Zealand via a scheme of arrangement, and is also the largest-ever private-equity transaction to have closed in New Zealand.
• Trade Me is the leading online marketplace and classified-advertising platform in New Zealand with 1.8 million visits and 7 million listings per day.

Adam Majeed - IFLR1000