LONDON (ShareCast) - (Sharecast News) - Apax Global Alpha said in an update on Friday that it expects to invest a further €3m indirectly in WGSN, following the consumer trend forecaster's acquisition of IWSR, a provider of data and analytics for the alcoholic beverage industry.
WGSN is a portfolio company of the Apax XI fund, in which Apax Global Alpha is a limited partner.

The FTSE 250 company said the acquisition of IWSR, which provides proprietary data from over 160 countries and had operated for more than four decades, was aimed at expanding WGSN's footprint in the beverage sector.

It said the deal would support WGSN's strategy of broadening its data analytics and forecasting capabilities across a range of consumer-focused industries.

Including the latest investment, Apax Global Alpha said it had committed around €24.7m to WGSN on a look-through basis.

The company holds an overall commitment of $700m to the Apax XI fund.

Apax Global Alpha, listed in London, provides exposure to Apax-advised private equity funds alongside a smaller portfolio of debt investments.

At 0822 BST, shares in Apax Global Alpha were up 0.18% at 113.81p.

Reporting by Josh White for Sharecast.com.

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