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Apax Partners to buy Authority Brands

Funds advised by Apax Partners have announced the acquisition of Authority Brands, PE Hub reported. The seller is PNC RiverArch Capital. Financial terms of the transaction were not announced. Headquartered in Columbia, Maryland, Authority Brands is the parent company of two home services franchisors: The Cleaning Authority, which provides residential cleaning services; and Homewatch CareGivers, which delivers at-home services including elderly, disabled and after-surgery care.

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PE Deals,private equity