Apax Partners, an independent global partnership focused solely on long-term investment in growth companies, completed its acquisition of Trade Me, the operator of the largest Internet auction website operating in New Zealand, for $1.7bn. “We are excited to partner with Trade Me; the clear leader in its market and one of New Zealand’s most-loved and recognised brands. We look forward to leveraging Apax’s significant experience, gained from other leading digital marketplace businesses around the world, to support management in delivering the company’s next phase of growth. We welcome Anders’ appointment and look forward to benefiting from his strategic insights, along with those of the existing Trade Me team, in the years to come,” Mitch Truwit, Apax Partners Co-Chief Executive Officer.