Exclusive - Apax taps JP Morgan and UBS for $1.1 billion exit of Rhiag: sources

By Pamela Barbaglia LONDON (Reuters) - European private equity firm Apax [APAX.UL] has hired JP Morgan and UBS to explore a stock market listing or sale of its Italian auto-parts distributor Rhiag, six sources familiar with the matter said on Wednesday.     The London-based buyout firm has invested in Rhiag for less than two years and hopes to cash out for as much as 1 billion euros ($1.10 billion), the sources said. Private equity firms typically invest for three to five years.