SAPIENS INTERNATIONAL CORPORATION acquired by ADVENT INTERNATIONAL
Context
Sapiens International Corporation has entered into a definitive agreement to be acquired by funds advised by Advent in an all,cash transaction. Under the terms of the deal, shareholders will receive $43.50 per share, representing a significant 64% premium over the company's undisturbed closing price on August 8, 2025. While Advent will take a controlling stake, the existing shareholder Formula Systems (1985) Ltd. will retain a minority ownership position in the privately held company. The strategic rationale for the acquisition is to accelerate the group's transition toward AI,driven and SaaS,based insurance solutions. By moving into a private setting, the entity will benefit from Advent's global resources and operational expertise to navigate market shifts more effectively and enhance its product innovation roadmap. The deal is expected to close between late 2025 and early 2026, subject to customary regulatory approvals and shareholder consent. Following the completion of the merger, the company will be de,listed from the NASDAQ and TASE. The transaction is supported by $1.3 billion in aggregate equity contributions from Advent, providing a high level of closing certainty for the company's future innovation in the insurance technology sector.
SAPIENS INTERNATIONAL CORPORATION, which reported an EBITDA margin of LOGIN in 2024, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the TMT (Tech, Media, Telecom) sector (14.8x).
Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.
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Target
Sapiens International Corporation is a prominent global provider of intelligent, SaaS-based software solutions specifically designed for the insurance industry. The organization offers a comprehensive suite of core platforms that support various insurance domains, including Property and Casualty (P&C), Workers’ Compensation, and Life insurance, as well as Pension and Annuities. Its business model focuses on empowering insurance carriers to undergo digital transformation by leveraging advanced automation, artificial intelligence, and data analytics. The entity’s robust ecosystem includes solutions for reinsurance, financial compliance, and decision management, helping over 600 customers in more than 30 countries achieve operational excellence. Recognized as a market leader, the company maintains a significant global presence and strategic partnerships, such as being a member of the Microsoft Top 100 Partner program, to future-proof insurance organizations in a rapidly evolving technological landscape.
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Historical Financials (USD)
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REFERENCES
Valuation range: EV 1b - 4b USD
Revenue range: 450M - 900M USD
EBITDA range: 100M - 200M USD
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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).
Acquirer: advent international