M&A · Tech · Services-Prepackaged Software
Advent to acquire Sapiens International Corp N V
Announced Aug 13, 2025 · Closed Dec 17, 2025
Deal value$2.50BEV $2.29B
Premium64.0%To unaffected price
EV / Adj. EBITDA18.5x4.2x EV / Revenue
ConsiderationAll cash$43.50 per share
Transaction
- Acquirer
- Advent
- Target
- Sapiens International Corp N V
- Buyer type
- Strategic
- Offer price per share
- $43.50
- Enterprise value
- $2.29B
- Status
- Closed Dec 17, 2025
Deal protections
Not yet read from the merger agreement.
Advisors
- To the acquirer
- Citigroup
- To the target
- William Blair
Sector context · Tech
- Comparable deals
- 60 in the prior 24 months
- Premium
- 64.0% vs. 37.0% sector median
- EV / Adj. EBITDA
- 18.5x vs. 16.5x sector median
- Break fee
- Sector median 3.0%
Timeline
- AnnouncedAug 13, 2025
- ClosedDec 17, 2025