Private equity firm Advent Internationalhas 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.
Sapiens is listed in New York and Tel Aviv and operates a number of brands that ...
