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08 Apr 2026

Apax Partners Invests in MillTech to Accelerate North American Expansion and Enhance Treasury Services

"Simpson Thacher & Bartlett LLP advised Apax Partners LLP on its investment in MillTech, a risk-management platform handling approximately $500 billion in annual trading volume and supporting client hedging programmes totaling over $35 billion. The investment will support MillTech’s North American expansion and treasury-management capabilities."

Simpson Thacher & Bartlett LLP advised Apax Partners LLP on its investment in MillTech. MillTech is a risk management platform that provides next-generation FX hedging and cash investment solutions for fund managers and corporate clients. The company handles approximately $500 billion in annual trading volume and supports client hedging programmes totaling over $35 billion. Apax’s investment will support MillTech’s next phase of growth by accelerating its expansion across North America and further enhancing its advanced treasury management capabilities. Simpson Thacher & Bartlett LLP advised Apax Partners LLP on the transaction with a team composed by: James R. Howe, Chris Vallance, Sean Macdonald and Jamie Lai (M&A); Owen Lysak, Daniel Deacon, Jack Harrison and Mark Collier (Financial Regulation); and Caleb McConnell and Oliver Rosshandler (Tax).
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