Funds advised by Apax Partners agreed to sell their stake in business and accounting software provider Exact Software to private equity firm KKR, for an undisclosed sum.

Exact Software was sold by the Apax VIII fund, of which London-listed Apax Global Alpha was a limited partner.

Apax VIII also announced on 21 February that it had agreed to sell its entire stake in AssuredPartners.

Together, the two transactions, based on current exchange rates, represented an uplift of of around â¬34m, or 3.6%, to Apax Global Alpha's adjusted NAV at 30 September.

At 1:12pm: (LON:APAX) Apax Global Alpha Ltd share price was +0.5p at 144.5p