The take-private acquisition is expected to close in late 2025 or early 2026.
Maples and Calder, the Maples Group's law firm, is pleased to have advised global private equity firm Advent International ("Advent") on the Cayman Islands law aspects of its US$2.5 billion acquisition of Sapiens International Corporation N.V ("Sapiens").
Sapiens, currently listed on NASDAQ and the Tel Aviv Stock Exchange, is a global leader in intelligent SaaS-based software solutions for the insurance industry. The transaction is anticipated to close Q4 2025 or Q1 2026.
The Maples Group's team included Partner Daniel Lee, head of the Corporate team in the Cayman Islands, and Associate Akshay Naidoo.
Commenting on the acquisition, Daniel said, "It has been a pleasure to act for our longstanding client Advent on this significant acquisition. Our support of a transaction of this scale and complexity demonstrates our expertise in cross-border M&A and ability to deliver seamless legal solutions to our clients."