The following three videos comprise the episode of BBC 4’s Gerry Robinson and the Money Makers featuring Sir Ronald Cohen, co-founder of Apax Partners:
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.
Here’s Mary Kathleen Flynn of thedeal.com interviewing VC pioneer Alan Patricof, founder of Greycroft Partners (and Apax Partners before that). Mr. Patricof has seen the peaks and valleys of many cycles in the industry and offers his take on what challenges the VC business faces thanks to the current crisis.
I sent this video out to the club back in January and I’ve been asked by a member to resend it to him, instead I thought I’d just embed it here. It’s from the session “Myths and Realities of Private Equity” at the past World Economic Forum in Davos, Switzerland (January 26, 2008). The panel consists of Donald J. Gogel, President and Chief Executive Officer, Clayton, Dubilier & Rice; Martin C. Halusa, Chief Executive Officer, Apax Partners Worldwide; Anatol Kalesky, Associate Editor of The Times; Josh Lerner, Professor of Finance, Entrepreneurial and Service Management, Harvard Business School; and David M. Rubenstein, Co-Founder and Managing Director, the Carlyle Group.
Here’s a video clip of Apax Partners’ Jackie Reses concerning presenting financial information during due diligence: