Apax Digital Fund’s Acquisition Of MetaMetrics


Kirkland & Ellis advised the Apax Digital Fund on its definitive agreement to acquire MetaMetrics® from Pamlico Capital.

Founded in 1984 and based in the Research Triangle, MetaMetrics is the developer of the widely adopted Lexile Framework® for reading and Quantile Framework® for mathematics.

Raymond James & Associates served as exclusive financial adviser to MetaMetrics in connection with the transaction. Moore & Van Allen PLLC served as lead counsel to Pamlico Capital and MetaMetrics, Inc. in the pending sale of MetaMetrics® to Apax Digital Fund.

The Kirkland team was led by transactional partners Leo Greenberg (Picture) and Adi Herman and associate Anand Mehta; debt finance partner Nicholas Schwartz; and tax partners Sara Zablotney and Adam Kool.

Moore & Van Allen PLLC Corporate members Richard (Rick) M. Bange III and Michael (Mike) Ryan Miller, and Corporate associates Emerich F. Gutter, Stacy G. Grant, Kathryn J. Hesman and Ethan B. Clark, led the MVA team representing Pamlico Capital and MetaMetrics in the transaction. Additional MVA attorneys and professionals who provided significant assistance on the matter include: Rob Fisher and Randy Clark (Tax); Dick Lupo, Tucker McKinley and Van Gambrell (Intellectual Property); Danny Johnson and Beth Yount Grimes (Employee Benefits); Christopher Thompson (Real Estate); Matthew Mollozzi (Finance); Cabell Clay and Bill Butler (Regulatory Matters); and Cynthia McDaniel (Paralegal Support).

Involved fees earner: Leo Greenberg – Kirkland & Ellis; Adi Herman – Kirkland & Ellis; Adam Kool – Kirkland & Ellis; Anand Mehta – Kirkland & Ellis; Nicholas Schwartz – Kirkland & Ellis; Sara Zablotney – Kirkland & Ellis; Richard Bange III – Moore & Van Allen; Bill Butler – Moore & Van Allen; Ethan Clark – Moore & Van Allen; Randy Clark – Moore & Van Allen; Cabell Clay – Moore & Van Allen; Robert Fisher – Moore & Van Allen; Van Gambrell – Moore & Van Allen; Stacy Grant – Moore & Van Allen; Emerich Gutter – Moore & Van Allen; Kathryn Hesman – Moore & Van Allen; Daniel Johnson – Moore & Van Allen; Dickson Lupo – Moore & Van Allen; Tucker McKinley – Moore & Van Allen; Matthew Mollozzi – Moore & Van Allen; Michael Ryan Miller – Moore & Van Allen; Christopher Thompson – Moore & Van Allen; Beth Yount Grimes – Moore & Van Allen;

Law Firms: Kirkland & Ellis; Moore & Van Allen;

Clients: Apax Digital Fund; MetaMetrics; Pamlico Capital;

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Author: Ambrogio Visconti