Apax Partners to invest in Pickles Auctions.

Apax Partners, a global private equity firm, agreed to invest in Pickles Auctions, a marketplace for vehicles, industrial, and salvage assets. Financial terms were not disclosed. "Pickles is a clear leader across all of its verticals, with a strong reputation for customer success and long history of consistent growth. We are impressed by the foundation the team has built and are excited to be partnering with the Pickles family and management, leveraging our extensive experience investing in and operating leading online marketplaces in other markets, such as New Zealand’s Trade Me, and our expertise in digital transformation, to accelerate the business’s digitalisation journey and fuel future growth," Steven Kooyers, Apax Partner.