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SAM for Fractal Analytics on $200m cash injection by AZB-advised PE fund Apax, with Lathams, Kirkland, NDA, Trilegal, Veritas

“Apax Funds invests $200 million in Fractal Analytics: The investment from Apax Funds values Fractal Analytics, a data analytics firm, at about $500 million,” reported Mint.

Shardul Amarchand Mangaldas advised Fractal Analytics Private Limited, a provider of artificial intelligence and analytics solutions, led by a private equity team of partner Abhishek Guha, principal associates Ankit Kejriwal and Anwesha Haldar, with associates Keegan Pavrey and Neekesh Shetty. Also advising were partner Radhika Dudhat Pereira and principal associate Priyanka Sheth on compliance and trademark related issues.

According to SAM’s press release, it advised on “transaction strategy and structuring on the transaction and was involved in conducting a vendor due diligence, drafting, negotiating and finalising the transaction documents”.

Latham & Watkins acted as US counsel to Fractal Analytics.

AZB & Partners Mumbai partners Ashwath Rau and Divya Mundra and senior associate Pranav Atit advised Apax Funds.

Kirkland & Ellis acted for Apax Funds on non-Indian law aspects of the transaction.

Malaysian sovereign wealth fund Khazanah Nasional Bhd, TA Associates and some other existing investors have also exited after the Apax investment.

Nishith Desai Associates acted for exiting fund TA Associates.

Trilegal advised Khazanah Nasional Bhd on its exit.

AZB & Partners Delhi and Veritas Legal acted as counsel to other selling shareholders.

2019-01-17

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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