France-based Apax Partners has acquired a majority stake in France-based Graitec, a structural and civil engineering software company.
Of the 53 deals seen in March, 28 came from technology and business services
Debut managers out to market are unlikely to hold closes in 2020, and very few new teams are likely to launch funds
Deal comes nearly two years after Finnish GP Taaleri Private Equity Funds acquired the company
GP sold a 51% stake in the Munich-listed IT service provider to market peer Audius in 2019