Saraf, SAM, AZB, Kirkland act on secondary acquisition of securities in Fractal multiple investors

Multiple prominent investors have made a partial secondary acquisition of securities in Fractal Analytics Limited for an aggregate consideration of $150 million. Pursuant to the transaction, the investors have acquired equity shares in Fractal representing approximately 6% of its fully diluted share capital.

Saraf and Partners acted as legal counsel for 22 prominent investors, companies and funds advised by Trust Investment Advisors, as well as, funds managed by WhiteOak Capital Management, Gaja Capital and Neo Asset Management on this transaction. The Firm advised the investors across the entire transaction lifecycle, including conducting legal due diligence and competition law analysis, negotiating and reviewing complex multi-party documentation, and providing pre-closing and closing assistance.

The transaction team was led by Mohit Saraf (Founder and Managing Partner) and Dhruv Chatterjee (Partner). Inputs on competition law aspects were provided by Akshayy S. Nanda (Partner).

Shardul Amarchand Mangaldas & Co advised Fractal on this Transaction.

AZB & Partners and Kirkland & Ellis advised Apax Partners, a marquee investor in Fractal, on this transaction.

Fractal Analytics Limited is a global provider of enterprise artificial intelligence (AI) solutions to Fortune® 500 companies (Fractal), from Quinag Bidco Ltd., a fund managed by Apax Partners. Together with its subsidiaries, the Company provides end-to-end artificial intelligence (AI) and analytics solutions to Fortune® 500 companies across sectors including consumer-packaged goods, retail, technology, media, telecom, healthcare, and financial services. Its offerings encompass decision support, data engineering, predictive analytics, and machine learning, enabling clients to integrate AI at scale. Fractal’s portfolio includes Asper.ai (interconnected decision-making for revenue growth) and Analytics Vidhya (a leading global data science community).

Fractal was founded by Pranay Agrawal and Srikanth Velamakanni and counts TPG, Apax Partners, OLMO Capital as its marquee investors.

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