Apax Capital Snags 8.5% Stake In Dining Reservation Site

Law360, New York (October 5, 2011, 6:14 PM EDT) -- Apex Capital LLC has acquired a more than 8 percent stake in restaurant reservation website OpenTable Inc., the investment firm revealed Wednesday in a U.S. Securities and Exchange Commission notice.

The Orinda, Calif.-based hedge fund manager revealed a purchase of more than 2 million shares in San Francisco-based OpenTable, representing 8.46 percent of the company, which enables diners and restaurants to complete both sides of the reservation process online.

OpenTable announced an initial public offering on Jan. 30, 2009, and on March 21, 2009, it went...
To view the full article, register now.