Sapiens International Corporation, a leading Israel-based provider of software solutions for the global insurance industry, agreed to a USD 2.5 billion all-cash acquisition by US-based private equity firm Advent International. The deal, unanimously approved by Sapiens’ board, offers USD 43.50 per share—representing a 47.5% premium—and will be financed through USD 1.3 billion in committed equity […]
Author: Nicole Levy