Cinven in Exclusive Talks for Data Services Firm Artefact

Cinven, a private equity firm, is in exclusive talks to acquire Artefact, a company that provides data and artificial intelligence consulting services. The details of the potential acquisition have not been disclosed, but the deal is expected to strengthen Cinven's presence in the growing data services market. Artefact, headquartered in France, offers a range of services, including data analytics, AI implementation, and digital transformation consulting, to clients across various industries. The acquisition, if successful, would allow Cinven to expand its portfolio and capitalize on the increasing demand for data-driven solutions and digital transformation services. The transaction is still subject to regulatory approvals and other customary conditions, and the financial terms have not been made public. This potential acquisition highlights the ongoing trend of private equity firms seeking to invest in technology-driven companies that provide valuable data and consulting services to businesses.