Fox Paine Realizes 7.8x Return with Billion Dollar Sale
August 31, 2012
Fox Paine & Company has completed its $1 billion sale of Paradigm to Apax Partners and JMI Equity, realizing a 7.8x return on its $83 million investment in the company. Paradigm provides geoscience software solutions that optimize the exploration, discovery and extraction of natural gas, oil and other subsurface resources. Fox Paine took the company private in August 2002.