Apax Co-Founder Maurice Tchenio Reportedly Sues Apax for Withholding Profits

HEC alum Maurice Tchenio (H.65), has sued Apax Partners, the firm he co-founded along with Sir Ronald Cohen and Alan Patricof, claiming that profits have not been distributed the right way since 2001, according to reports.

Tchenio filed a lawsuit in London in which he is believed to claim that the UK-based arm of Apax owes him an undisclosed sum in profits and management fees relating to five European investments in the Netherlands, Italy and Sweden.

Apax merged its US, UK, Swiss, German and Spanish operations into a single group in 1999, with Apax in France remaining separate.

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