Partnerships & Acquisitions, August 2, 2019

August 2, 2019 | Volume 50, Number 16

The Apax Digital Fund, a growth equity fund advised by global private equity advisory firm Apax Partners, is to acquire MetaMetrics (Durham, NC), developer of the Lexile Framework for Reading and Quantile Framework for Mathematics, from Pamlico Capital. The transaction is expected to complete in September 2019, subject to regulatory approval. Financial terms have not been disclosed. MetaMetrics is a pioneer in the use of predictive analytics and data science to improve educational outcomes and provides universal measures of reading and math skills achievement through the Lexile and Quantile frameworks.

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