Apax Europe VII, Ascential IPO

Ascential plc, an Apax Europe VII portfolio company, has started trading on the London Stock Exchange.

Ascential is an international business-to-business media company with a focused portfolio of essential, market-leading products that connect and inform business professionals. The Group serves customers in more than 150 countries, and its international operations accounted for 48% of revenue in FY14. The Group’s headquarters are in London, with offices in 14 countries and over 1,500 full-time equivalent employees.

Apax Europe VII acquired Ascential in 2008.

SPEAS has made an investment commitment of EUR 30m to the private equity fund Apax Europe VII.