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Apax fund to buy MetaMetrics

The Apax Digital Fund is acquiring MetaMetrics Inc. from Pamlico Capital Management LP for an undisclosed amount.

The deal is expected to close in September, pending regulatory approval.

MetaMetrics is an education technology organization that provides universal measures of reading and math skills achievement.

Apax Digital Fund is the technology-focused growth equity fund managed by private equity firm Apax Partners LLP.

Raymond James & Associates served as MetaMetrics' exclusive financial adviser in connection with the transaction.