Kirkland & Ellis advised the Apax Digital Fund, the technology-focused growth equity fund advised by global private equity advisory firm Apax Partners, on its definitive agreement to acquire MetaMetrics®, developer of the widely adopted Lexile Framework® for Reading and Quantile Framework® for Mathematics, from Pamlico Capital. Financial terms of the transaction were not disclosed. The transaction is expected to complete in September 2019 and is subject to regulatory approval.
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The Kirkland team was led by transactional partners Leo Greenberg and Adi Herman and associate Anand Mehta; debt finance partner Nicholas Schwartz; and tax partners Sara Zablotney and Adam Kool.