Apax Global Alpha Ltd (LON:APAX) has announced that, on 26 October 2023, the Apax Global Impact Fund (AGI), in which AGA is a limited partner, acquired GAN Integrity, a leading provider of technology that enables proactive, integrated, real-time management and monitoring of third-party and employee risk, ethics and compliance.
Founded in Denmark in 2004, GAN Integrity provides cloud-based software solutions covering internal and external risk areas including third-party due diligence, disclosures, incident, and risk management. At its core, the company’s ‘Integrity Platform’, a no code, workflow orchestration platform, enables ethics and compliance teams to effectively assess and manage risk while affecting change by driving proactive ethical and compliant behaviour across the enterprise.
The investment will enable GAN Integrity to accelerate product development and better serve the growing demands of global brands for risk, ethics and compliance management software technology.
On a look-through basis, Apax Global Alpha has invested approximately €2.6m in GAN Integrity1. Note that AGA’s investment in GAN Integrity is calculated based on the look-through position of AGI’s overall investment in the company and is translated based on the latest exchange rates available where applicable2.
Apax Global Alpha, whose shares are listed on the London Stock Exchange, provides investors with access to a diversified portfolio of private equity funds advised by Apax as well as a focused portfolio of predominantly debt investments (‘Derived Investments’). In March 2022, AGA made a commitment of $60m to AGI.
