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Apax Partners

Website:

www.apax.com/
Type:

Private equity advisory firm
Location:

London, England
Co-CEO's:

Andrew Sillitoe
Mitch Truwit

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Apax Partners is a private equity advisory firm with offices in New York and its headquarters in London, England. The group describes itself as a “business building” enterprise, while it alleges to consult with heads of “high-potential companies” and recommends a course of action to improve their overall results and profits. 1 2

In 2021, Apax Partners, through its Apax X technology fund, acquired EveryAction, Social Solutions, and CyberGrants, three nonprofit software management companies that provided services to left-of-center clients. These entities were merged into one “social good” philanthropic software company named Bonterra. 3 In 2021, Apax Partners also purchased NGP VAN, a political software data system that is reportedly the primary storage center for Democratic National Committee (DNC) data. 4 5

Background

Apax Partners is a London-based private equity advisory firm with offices in New York. The group describes itself as a “business building” enterprise which consults with the heads of “high-potential companies” and recommends a course of action to improve their overall results and profits. 1 It claims to be traced from a collaboration between three financiers in 1970: Alan Patricof of the United States, Ronald Cohen of the United Kingdom, and Maurice Tchenio of France. 6

As of 2025, Apax claims to have raised a total of roughly $80 billion across “tech,” “services,” and “internet/consumer” sectors while employing over 350 workers with seven offices worldwide. 1

Divisions

As of 2025, Apax’s Apax X Fund claimed to have 54 companies across 18 countries in its portfolio, managing a total of $11 billion. 7 Other listed divisions at the time included Apax Digital Growth, Apax Mid-Market Israel, Apax Global Impact, Apax Listed Private Equity, and Apax Credit. 1

As of March 2024, the Apax Foundation, Apax Partners’ corporate philanthropy, claimed to have donated a total of more than £30 million (approximately $40 million USD). 8 As of 2025, its partners include London-based refugee group Breaking Barriers, New York-based education and professional development equity group Opportunity Network, United Kingdom-based welfare group Impetus, and New York-based entrepreneurial training group BUILD NYC. 9

Apax Partners claims its “Operational Excellence Practice” adheres to the United Nations’ Sustainable Development Goals (SDGs). 10 Apax Partners also claims to be committed to diversity and inclusion policies. 11

Bonterra

In 2021, Apax Partners, through its Apax X technology fund, acquired EveryAction, Social Solutions, and CyberGrants, three nonprofit software management companies that provided services to left-of-center clients. These entities were merged into one “social good” philanthropic software company named Bonterra. As a result of this merger, Bonterra came to have a network of 650,000 nonprofit organizations that, as of 2024, had over 38 million donors and volunteers. Apax claimed its decision reflected its “long-standing focus on ESG.”3

In 2021, Apax Partners also purchased NGP VAN, a long-standing political software data system which allegedly stores data for the Democratic National Committee (DNC). As of April 2025, due to allegations that NGP VAN has made significant layoffs and budget cuts since the purchase, Democratic Party-connected clients have allegedly argued for an alternate system to replace NGP Van. 12 13 4

Leadership

As of 2025, Apax was led by co-CEOs Andrew Sillitoe and Mitch Truwit. 14

Sillitoe has worked as co-CEO since 2014, and is the chair of the Apax Global Investment Committee, its Digital Investment Committee, and other bodies. He has been with Apax since 1998. Prior to that, Sillitoe was a consultant at LEK. He has sat on the boards of Inmarsat, King, Intelsat, Orange Switzerland, and TDC. 15

Truwit is based in New York. He joined Apax in 2006 and sits on the boards of the Apax Foundation, the John McEnroe Tennis Project, Posse, and StreetSquash. Prior to joining Apax, Truwit was the president and CEO of Orbitz Worldwide and the executive vice president of Priceline.com. 16

References

  1. “Apax Partners.” Apax. Accessed April 21, 2025. https://www.apax.com/.
  2. “Governance.” Apax. Accessed April 21, 2025. https://www.apax.com/our-firm/governance/.
  3. “Creating a leading provider of next-generation SaaS solutions to the social good ecosystem.” Apax. Accessed April 20, 2025. https://www.apaxglobalalpha.com/news/bonterra.
  4. Thompson, Chelsea Peterson. “We’re in it for the long haul.” NGP VAN, December 7, 2022. Accessed April 20, 2025. https://www.ngpvan.com/blog/were-in-it-for-the-long-haul/.
  5. Goldmacher, Shane. “Inside the Democratic Disaster That Didn’t Happen in November.” The New York Times, March 1, 2025. Accessed April 20, 2025. https://www.nytimes.com/2025/03/01/us/politics/democrats-voter-data.html
  6. “Our Firm – History.” Apax. Accessed April 21, 2025. https://www.apax.com/our-firm/history/.
  7. “Apax Global Buyout.” Apax. Accessed April 21, 2025. https://www.apax.com/create/strategies/apax-global-buyout/.
  8. [1] “Apax Foundation.” Apax. Accessed April 21, 2025. https://www.apax.com/create/responsibility/apax-foundation/.
  9.  “Apax Foundation.” Apax. Accessed April 21, 2025. https://www.apax.com/create/responsibility/apax-foundation/.
  10. “Sustainability.” Apax. Accessed April 21, 2025. https://www.apax.com/create/responsibility/sustainability/.
  11. “Inclusion and Diversity.” Apax. Accessed April 21, 2025. https://www.apax.com/people/inclusion-and-diversity/.
  12. [1] Goldmacher, Shane. “Inside the Democratic Disaster That Didn’t Happen in November.” The New York Times, March 1, 2025. Accessed April 20, 2025. https://www.nytimes.com/2025/03/01/us/politics/democrats-voter-data.html
  13. Lacy, Akela. “Inside the Slow Implosion of the Democratic Party’s Vaunted Campaign Tech Firm.” The Intercept, January 24, 2023. Accessed April 20, 2025. https://theintercept.com/2023/01/24/layoffs-democratic-party-ngp-van/
  14. “Governance.” Apax Partners. Accessed April 21, 2025. https://www.apax.com/our-firm/governance/.
  15. “Andrew Sillitoe.” Apax Partners. Accessed April 21, 2025. https://www.apax.com/people/our-team/andrew-sillitoe/.
  16. “Mitch Truwit.” Apax Partners. Accessed April 21, 2025. https://www.apax.com/people/our-team/mitch-truwit/.
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