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#3 -_ 1 (1)

August 18, 2025

Source: Yahoo Finance

(Bloomberg) -- Blackstone Inc. and Goldman Sachs Group Inc.’s asset management arm are leading a nearly $1 billion private debt deal to help fund Advent International’s acquisition of Israeli software provider Sapiens International Corp., according to a person with knowledge of the matter, who asked not to be identified discussing private information.

Advent announced this week it was acquiring Sapiens, which provides software to the insurance industry, in a deal valued at about $2.5 billion. In a statement announcing the deal, which is expected to close by early next year, Advent said it had arranged committed debt and equity financing.

A representative for Blackstone declined to comment. Representatives for Goldman Sachs, Advent and Sapiens didn’t immediately respond to requests for comment.

The market for mergers and acquisitions has remained subdued this year, leaving private equity firms eager to transact. The dearth of deal flow has created more competition between banks and private credit firms, both looking for new acquisitions to finance.

Sapiens is currently publicly listed in New York and Tel Aviv and operates a number of brands that offer a variety of insurance, pension and reinsurance products globally.