LONDON, March 19 British private equity fund
Apax Partners said on Wednesday it will create a $500
million mid-market fund to invest in Israeli companies in the
technology, telecom, healthcare and consumer sectors.
The new fund will target 10 deals of $25 million to $100
million, Nico Hansen, a partner at Apax, told a private equity
conference in London. The money for the fund will come from
local investors, he said.
Hansen added that Apax's global fund would continue to
target deals of over $200 million
(Reporting by Freya Berry; Editing by Tova Cohen)