Apax Partners Ventures and Apax Partners Holdings have merged to...

Apax Partners Ventures and Apax Partners Holdings have merged to create Apax Partners. The U.S. unit of the private equity company, formerly Patricof & Co. Ventures, was renamed Apax Partners Ventures last year. Ronald Cohen, chairman of the European group, Apax Partners Holdings, was named chairman; Alan Patricof, former chairman of Apax Partners Ventures, was named vice chairman. The combined firm has $12 billion in assets under management, said Mary Quinn, Apax spokeswoman.