Latest news with #SapiensInternational
Yahoo
4 days ago
- Business
- Yahoo
Advent to take Sapiens private in $2.5bn deal
Private equity firm Advent has agreed to acquire Israel-based insurtech company Sapiens International in an all-cash deal valued at $2.5bn (NIS8.48bn). Sapiens is known for its software-as-a-service-based solutions that incorporate AI and automation to aid insurers. The company's product suite serves various sectors such as property and casualty, workers' compensation and life insurance, along with tools for reinsurance, compliance, data analytics, digital engagement and decision management. Under the agreed terms, shareholders of Sapiens will receive $43.50 per share, marking a premium of around 64% on the company's last closing price on 8 August 2025. Post-acquisition, Sapiens will operate as a private entity, with its shares to be delisted. Formula Systems, a current shareholder in Sapiens, will continue to hold a minority interest in the business after the acquisition. The acquisition will support Sapien's expansion on a global scale with the resources and expertise provided by Advent, the insurtech company said in a press release. Advent has secured committed debt and equity financing. Funds advised by Advent have pledged an aggregate equity contribution of $1.3bn. The deal's completion is expected between the fourth quarter of 2025 (Q4 2025) and Q1 2026, contingent upon standard closing conditions. Sapiens CEO Roni Al-Dor said: 'This transaction marks a significant milestone in Sapiens' journey, reinforces the success of our strategy, our commitment to delivering exceptional value to our customers and the strength of our global team. 'Following a deliberate process, the Board of Directors approved this transaction, which delivers an excellent outcome for Sapiens' shareholders, providing them a substantial cash value at an attractive premium.' Advent director Douglas Hallstrom stated: 'We are delighted to partner with Sapiens to support its next phase of innovation. Hallstrom added: 'We will work with the company to accelerate investment into technology innovation, AI and customer centricity. This transaction comes at a critical time of market change, and we believe Sapiens will more effectively be able to navigate this in a private setting.' "Advent to take Sapiens private in $2.5bn deal " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Sapiens International (SPNS) Skyrockets 44% on $2.5-Billion Merger With Advent
We recently published . Sapiens International Corp. N.V. (NASDAQ:SPNS) is one of the best-performing stocks on Wednesday. Sapiens International skyrocketed by 44.27 percent on Wednesday, a fourth day, to close at $42.56 apiece following news that it was set to be acquired by private equity firm Advent for $2.5 billion. In a statement, Sapiens International Corp. N.V. (NASDAQ:SPNS) said it entered into an agreement with Advent for the sale of more than 57.47 million common shares at a price of $43.5 apiece. The transaction, which will be entirely paid in cash, represents a 64-percent premium over Sapiens International Corp. N.V.'s (NASDAQ:SPNS) closing price of $26.52 last August 8, as well as a premium of approximately 51 percent to both the 30- and 60-day volume-weighted average price from the same period. Pixabay/Public Domain Meanwhile, minority shareholder Formula Systems (1985) Ltd. will retain its ownership in the company. Sapiens International Corp. N.V. (NASDAQ:SPNS) expects the transaction to close either in the fourth quarter of the year or in the first quarter of 2026, subject to closing conditions, including shareholder approval. While we acknowledge the potential of SPNS as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
6 days ago
- Business
- Globe and Mail
SPNS Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Sapiens International Corporation N.V. Is Fair to Shareholders
Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Sapiens International Corporation N.V. (NASDAQ: SPNS) to Advent for $43.50 per common share is fair to Sapiens shareholders. Halper Sadeh encourages Sapiens shareholders to click here to learn more about their legal rights and options or contact Daniel Sadeh or Zachary Halper at (212) 763-0060 or sadeh@ or zhalper@ The investigation concerns whether Sapiens and its board of directors violated the federal securities laws and/or breached their fiduciary duties to shareholders by failing to, among other things: (1) obtain the best possible consideration for Sapiens shareholders; (2) determine whether Advent is underpaying for Sapiens; and (3) disclose all material information necessary for Sapiens shareholders to adequately assess and value the merger consideration. On behalf of Sapiens shareholders, Halper Sadeh LLC may seek increased consideration for shareholders, additional disclosures and information concerning the proposed transaction, or other relief and benefits. We would handle the action on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses. Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors. Attorney Advertising. Prior results do not guarantee a similar outcome.
Yahoo
6 days ago
- Business
- Yahoo
Sapiens International to Be Taken Private by Advent in $2.5 Billion Buyout Deal
Sapiens International (SPNS) on Wednesday agreed to be acquired and taken private by private equity Sign in to access your portfolio
Bloomberg
6 days ago
- Business
- Bloomberg
Advent to Buy Israeli Software Firm Sapiens for $2.5 Billion
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.
