Latham Advises Sapiens on US$2.5 Billion Acquisition by Advent

Latham & Watkins has advised Sapiens International Corporation N.V. (Sapiens), a global leader in intelligent SaaS-based software solutions to the insurance industry, on its definitive agreement to be acquired by Advent, a leading global private equity investor, for US$43.50 per common share, in an all-cash transaction that values Sapiens at an equity value of approximately US$2.5 billion. Existing Sapiens shareholder Formula Systems (1985) Ltd. will retain a minority stake in the company.

The transaction is expected to close in Q4 2025 or Q1 2026, subject to the satisfaction of customary closing conditions, including approval by Sapiens' shareholders and receipt of regulatory approvals.

The Latham team was led by London partner Joshua Kiernan, Silicon Valley partner Joshua Dubofsky, and Tel Aviv partner Gilad Zohari, with associates Maya Rahwanji, Shirley Zhang, and Patrick O’Neal. Advice on antitrust matters was provided by Hamburg partner Jana Dammann de Chapto, San Francisco partner Joshua Holian, and Brussels counsel Wesley Lepla, with associates Laura Lange and Luca Feltrin; on tax matters by Washington, D.C. partner Nicholas DeNovio, with associate Abigail Friedman; on compensation, employment & benefits matters by New York counsel Rifka Singer, with associate Sofya Bakradze; on regulatory matters by Washington, D.C. partner James Barker and counsel Catherine Hein; and on capital markets matters by associates Andrew Rutsky and Jamie Savren.