Cinven Leads Bidding for French Data Services Firm Artefact

Cinven, a private equity firm, is in advanced negotiations to acquire Artefact, a French data services company. The potential deal could value Artefact at around €1 billion ($1.2 billion), according to sources familiar with the matter. Artefact is a leading provider of data-driven marketing and digital transformation services, with a strong presence in Europe and Asia. The acquisition by Cinven would further strengthen the private equity firm's portfolio in the growing data services sector. The deal is still under negotiation, and the final terms have not been disclosed. However, the acquisition is expected to provide Artefact with additional resources and support to expand its operations and service offerings globally. The transaction underscores the increasing demand for data-driven solutions and the ongoing consolidation in the data services industry. The potential acquisition of Artefact by Cinven could be a significant move that may reshape the competitive landscape in the French and European data services market.