Apax Partners to take over NZ-based e-commerce firm Trade Me in $1.76b deal

Apax Partners to take over NZ-based e-commerce firm Trade Me in $1.76b deal

Trade Me employees queue up to form human alphabets in the form of the company's initials. Photo: Trade Me

UK-based private equity firm Apax Partners has outbid Hellman & Friedman to acquire 100 per cent stake in New Zealand online auction company Trade Me for NZ$2.56 billion ($1.76 billion).

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