Apax Partners is in advanced talks to acquire a stake in Fractal Analytics Inc., a provider of machine learning and artificial intelligence services, people with knowledge of the matter said. Apax is discussing a deal, which could be valued at about $400 million (U.S.), to buy stakes from existing shareholders, the people said, asking not to be identified because the information is private. The company is also discussing injecting fresh capital into Fractal, which would make Apax the majority shareholder, they said. Some of its current shareholders may exit as part of the deal, the person said. Representatives for Apax and closely held Fractal declined to comment.

Source: thestar January 04, 2019 09:11 UTC