By Linda Chiem ( July 15, 2015, 6:30 PM EDT) -- European private equity firm Apax Partners has hired JPMorgan and UBS AG to explore an initial public offering or sale of Italian auto parts distributor Rhiag-Inter Auto Parts Italia SpA that could pave the way for a $1.1 billion exit for Apax, Reuters reported Wednesday. Apax picked up Rhiag in 2013 from Alpha Associes Conseil, a Parisian investment firm that had previously been in talks with Bain Capital LLC to unload the unit. Rhiag is a leading distributor of automotive spare parts to after-market wholesalers in Italy and eastern Europe....
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