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Apax Partners

Apax Partners is expected to sell Damovo, the Glasgow-based telecoms services provider, to an unidentified group of creditors.

Apax Partners is to provide £20m of private equity to Silverscreen, to fund the development of a chain of up to 180 DVD stores over the next four years.

Apax Partners is to acquire Azimut, the fund management business of Italian bank Bipop-Carire for £230m.

Apax Partners and a number of banks are investing £34m in Pure Wafer, a start-up business that will develop a silicon wafer reclaim plant in Swansea with the creation of 120 jobs.