Apax Foundation Becomes Shareholder in Finance
March 25, 2010 07:16 AM Eastern Daylight Time
FRANKFURT & LONDON--(EON: Enhanced Online News)--The Apax Foundation, the charity of global private
equity firm Apax Partners, and Finance in Motion GmbH, Frankfurt/Main, Germany, today announced that they
have signed an agreement whereby the Apax Foundation purchases a 20 per cent stake in the share capital of
Finance in Motion. The investment takes place through a capital increase in Finance in Motion.
The relationship will allow Finance in Motion to draw on Apax Partner’s global network and market presence, base
of investors and private equity know-how to develop new commercially viable products and services in development
finance, particularly in the area of equity investments.
Finance in Motion is an asset management firm exclusively focused on development finance. It offers specialized
investment advisory services in the management of investment vehicles that have a positive social impact in
developing countries and emerging economies and generate a financial return for investors. The company focuses on
micro, small and medium enterprise financing, housing financing, as well as on financing of energy efficiency measures
and renewable energy projects. Advising investment funds with a total committed capital of over EUR 800 million, it
is one of the world’s leading asset managers in the field of development finance.
"The Apax Foundation’s charitable donations are focused on social enterprise projects around the world. We
wanted to bolster our support for this area by investing up to 20 per cent of the Foundation’s assets in social
investments as opposed to straight commercial investments. Our investment in Finance in Motion is the first such and
we are delighted to be investing in a way that will generate a positive social impact as well as a financial return”, said
Michael Phillips, Managing Partner of Apax Partners and Trustee of the Apax Foundation.
“We are delighted with th