Apax Partners sells 8M shares for $275M; OPENLANE repurchases 728K shares at offering price

Filed August 13, 2026 · Period ending August 11, 2026 · ~1 min read

Key Changes

• high

  Apax Partners-advised fund sold 8M shares at ~$34.36/share, generating $274.9M in gross proceeds for the selling stockholder and reducing Apax's ownership stake.

  Item 8.01 verify on EDGAR →
• high

  OPENLANE repurchased 727,590 shares from the offering at the same price paid by the underwriter (~$34.36/share), deploying approximately $25M to reduce shares outstanding.

  Item 8.01 verify on EDGAR →
• medium

  The company received no proceeds from the secondary offering, as is standard when existing shareholders sell their holdings.

  Item 8.01 verify on EDGAR →