Apax Partners LLP signs agreement to acquire software of 3i Infotech Ltd

Private equity firm Apax Partners LLP has inked an agreement to acquire the software products business of 3i Infotech Ltd. for $136 million, sealing its first India deal in almost two years.

The deal will help 3i Infotech repay all its debt, strengthen its balance sheet and expand other verticals including software services, the company said in a stock-exchange filing.

This is Apax’s first India deal in nearly two years, the data research arm of Mosaic Digital. Its previous India transaction was a $200 million investment in data analytics firm Fractal Analysis in January 2019.

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