Key Takeaways
- • Apax has agreed to take over Warburg Pincus's stake in telecom business Odido, according to PE Hub.
- • Apax and Warburg Pincus have been shareholders in Odido since 2022.
- • Codex is pursuing growth in the gift card market through a move involving Norell, per the same report.
- • Financial terms for either transaction were not available in the source material.
Summary
Apax has agreed to take over Warburg Pincus's stake in telecom business Odido, according to PE Hub. Apax and Warburg Pincus have both been shareholders in Odido since 2022. The available text does not disclose the consideration, deal structure, or closing timeline.
In a separate development covered in the same PE Hub report, Codex is betting on the growing gift card market with Norell. Further details of that transaction were not available in the source material.
In a separate development covered in the same PE Hub report, Codex is betting on the growing gift card market with Norell. Further details of that transaction were not available in the source material.
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