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Advent to Buy Israeli Software Firm Sapiens for $2.5 Billion

Advent to Buy Israeli Software Firm Sapiens for $2.5 Billion

Bloomberg4 days ago
Private equity firm Advent International has struck an agreement to acquire Sapiens International Corp., an Israeli software provider to the insurance industry, for about $2.5 billion.
Advent has offered to pay $43.50 per share in an all-cash transaction, the company said in a statement on Wednesday. That's about a 64% premium over Sapiens' closing stock price on Aug. 8, before Israeli newspaper Calcalist reported on talks to sell the business. The deal is expected to close next quarter or early 2026, it added.
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