Investment firms such as Gaja Capital are putting money into Fractal at a valuation of approximately $2.44 billion, with Apax reducing its stake in the company.
In a significant development, Fractal Analytics, the leading artificial intelligence and analytics company, has completed a secondary transaction worth $172 million. This transaction, which occurred recently but the exact date remains undisclosed, saw existing investor Apax Partners sell a 6% stake to new investors[1][2][3]. As a result, Fractal Analytics is now valued at approximately $2.44 billion.
The transaction provided a partial exit for Apax Partners, allowing the private equity firm to realise a portion of its investment. Fractal Analytics, which also counts TPG among its investors, has been making waves in the industry with its innovative solutions and strategic partnerships.
Interestingly, this transaction is not the only significant event in the world of private equity and venture capital. Within a month, PE/VC firms have collectively made $3 billion through exits[15]. Other notable transactions include GIC-backed Asia Healthcare's aim for a majority stake in a diagnostic chain, and TPG-backed Fibe's appointment of Vimal Saboo as CEO of its NBFC arm[14][14].
The details of the partial exit for Apax Partners, as well as the infra fundraising by Neo Asset, were not specified in the provided paragraphs. However, the transactions were substantial enough to be reported by news sources[9]. It is worth noting that the transaction involved the sale of shares in Fractal Analytics[8].
In a confidential manner, as implied by the use of a person familiar with the matter, the transaction details were shared. The exact nature of the transaction and the identity of the new investors remain undisclosed.
Meanwhile, other players in the industry are also making headlines. Blackstone, KKR, Z47, JSW Ventures, and Country Delight are currently in the news[12]. As the industry continues to evolve, it will be interesting to see how these developments shape the future of private equity and venture capital.
[1] https://www.livemint.com/companies/news/fractal-analytics-raises-172-million-in-secondary-round-valuing-it-at-2-44-billion-11630096807761.html [2] https://www.moneycontrol.com/news/business/fractal-analytics-raises-172-million-in-secondary-round-valuing-it-at-2-44-billion-5451681.html [3] https://economictimes.indiatimes.com/news/company/corporate-trends/fractal-analytics-raises-172-million-in-secondary-round-valuing-it-at-2-44-billion/articleshow/90606992.cms [12] https://www.livemint.com/companies/news/blackstone-kkr-z47-jsw-ventures-country-delight-in-the-news-11630545082902.html [15] https://www.vccircle.com/pe-vc-firms-make-3-billion-through-exits-within-a-month/ [16] https://www.vccircle.com/neo-asset-completes-infra-fundraising-surpassing-target/
The transaction with Fractal Analytics, involving the sale of shares, provides a partial exit for Apax Partners, thereby enabling the private equity firm to finance a portion of its investment. In the broader context of private equity and venture capital, there have been significant events within a month, including collective exits worth $3 billion.
