Trifork Group Q2 rev up 5.1%, products and public sector drive growth.

Tuesday, Aug 19, 2025 1:03 am ET1min read

• Trifork Q2 revenue up 5.1% • Product-based segment, Run, grows 59.4% • In-house IP revenue increases 25.8% • Public sector business grows 19%

Sapiens International Corporation N.V. (NASDAQ: SPNS) has announced that it has entered into a definitive agreement to be acquired by Advent, a leading global private equity investor, for $43.50 per common share, in an all-cash transaction that values Sapiens at an equity value of approximately $2.5 billion [1]. The transaction is expected to close in Q4 2025 or Q1 2026, subject to customary closing conditions, including approval by Sapiens' shareholders and receipt of regulatory approvals.

Under the terms of the Agreement, Sapiens shareholders will receive $43.50 per common share in cash, representing a premium of approximately 64% over Sapiens' undisturbed closing share price of $26.52 on August 8, 2025. The transaction will accelerate Sapiens' innovation in SaaS-based insurance solutions, leveraging Advent's deep expertise and resources [1].

The strategic combination marks a significant milestone in Sapiens' journey, enabling the company to expand its global reach and accelerate its innovation roadmap. Advent's operational expertise and resources will empower Sapiens to deliver even greater value to its customers, employees, and partners. Together, Sapiens and Advent will drive digital transformation in the insurance technology sector, leveraging Sapiens' robust technology and Advent's operational expertise to help unlock new solutions and enhance customer outcomes [1].

Roni Al-Dor, Chief Executive Officer of Sapiens, said, "This transaction marks a significant milestone in Sapiens' journey, reinforcing the success of our strategy 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" [1].

Douglas Hallstrom, Director at Advent, said, "We are delighted to partner with Sapiens to support its next phase of innovation. Insurers are increasingly turning to technology to help unlock growth and profitability, drive innovation and improve business resilience – with Sapiens a critical partner in enabling this for market leading insurers globally" [1].

Upon completion of the transaction, Sapiens' common shares will no longer be publicly listed, and Sapiens will become a privately held company. Advent has arranged committed debt and equity financing commitments for the purpose of financing the transaction, providing a high level of closing certainty. Funds advised by Advent have committed an aggregate equity contribution of $1.3 billion on the terms and subject to the conditions set forth in the signed equity commitment letters [1].

References
[1] https://www.centralcharts.com/en/news/5227482-sapiens-to-be-acquired-by-advent-for-2-5-billion

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