Latest news with #private debt
Yahoo
3 days ago
- Business
- Yahoo
Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout
(Bloomberg) -- Blackstone Inc. and Goldman Sachs Group Inc.'s asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International's acquisition of Israeli software provider Sapiens International Corp., according to a person with knowledge of the matter, who asked not to be identified discussing private information. Advent announced this week it was acquiring Sapiens, which provides software to the insurance industry, in a deal valued at about $2.5 billion. In a statement announcing the deal, which is expected to close by early next year, Advent said it had arranged committed debt and equity financing. Sunseeking Germans Face Swiss Backlash Over Alpine Holiday Congestion To Head Off Severe Storm Surges, Nova Scotia Invests in 'Living Shorelines' Five Years After Black Lives Matter, Brussels' Colonial Statues Remain The US-Canadian Road Safety Gap Is Getting Wider For Homeless Cyclists, Bikes Bring an Escape From the Streets A representative for Blackstone declined to comment. Representatives for Goldman Sachs, Advent and Sapiens didn't immediately respond to requests for comment. The market for mergers and acquisitions has remained subdued this year, leaving private equity firms eager to transact. The dearth of deal flow has created more competition between banks and private credit firms, both looking for new acquisitions to finance. Sapiens is currently publicly listed in New York and Tel Aviv and operates a number of brands that offer a variety of insurance, pension and reinsurance products globally. Bessent on Tariffs, Deficits and Embracing Trump's Economic Plan Why It's Actually a Good Time to Buy a House, According to a Zillow Economist Dubai's Housing Boom Is Stoking Fears of Another Crash Americans Are Getting Priced Out of Homeownership at Record Rates The Social Media Trend Machine Is Spitting Out Weirder and Weirder Results ©2025 Bloomberg L.P. 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
Bloomberg
3 days ago
- Business
- Bloomberg
Blackstone, Goldman Lead Private Debt Deal for Sapiens Buyout
Blackstone Inc. and Goldman Sachs Group Inc. 's asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International 's acquisition of Israeli software provider Sapiens International Corp., according to a person with knowledge of the matter, who asked not to be identified discussing private information. Advent announced this week it was acquiring Sapiens, which provides software to the insurance industry, in a deal valued at about $2.5 billion. In a statement announcing the deal, which is expected to close by early next year, Advent said it had arranged committed debt and equity financing.
