M&A Deal Summary |
|
|---|---|
| Date | 2017-02-15 |
| Target | StoneRiver |
| Sector | Business Services |
| Buyer(s) | Sapiens |
| Sellers(s) | Stone Point Capital |
| Deal Type | Add-on Acquisition |
| Deal Value | 102M USD |
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Sapiens is a provider of software solutions for the insurance industry, with a focus on the broader financial services sector. Sapiens offers core, end-to-end solutions to the global general insurance, property and casualty, life, pension and annuities, reinsurance and retirement markets, as well as business decision management software. Sapiens was founded in 1982 and is based in Holon, Israel.
| DEAL STATS | # |
|---|---|
| Overall | 7 of 13 |
| Sector (Business Services) | 2 of 2 |
| Type (Add-on Acquisition) | 6 of 12 |
| State (California) | 1 of 1 |
| Country (United States) | 3 of 5 |
| Year (2017) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2016-06-07 |
Maximum Processing
Bradenton, Florida, United States Maximum Processing, Inc. is a software provider of the stingray system, a property and casualty (P&C) insurance administration suite targeted towards the tier 4-5 U.S. market, as well as managing general agents (MGAs), third-party administrators (TPAs) and insurance brokers. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2018-01-03 |
Knowledgeprice.com
Riga, Latvia Knowledgeprice.com is a technology specialist with expertise in digital insurance services and consulting. Knowledgeprice is based in Riga, Latvia. |
Buy | - |
| Category | Private Equity Firm |
|---|---|
| Founded | 1994 |
| PE ASSETS | 25.0B USD |
| Size | Mega |
| Type | Sector Focused |
Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.
| DEAL STATS | # |
|---|---|
| Overall | 26 of 55 |
| Sector (Business Services) | 3 of 8 |
| Type (Add-on Acquisition) | 12 of 28 |
| State (California) | 3 of 8 |
| Country (United States) | 21 of 49 |
| Year (2017) | 2 of 9 |
| Size (of disclosed) | 16 of 16 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-01-02 |
Auction.com
Irvine, California, United States Auction.com is a marketplace transaction platform focused on residential bank-owned and foreclosure properties for sale in the United States. Auction.com's online platform allows individuals and investors to buy and sell residential real estate properties using both desktop and mobile channels. By leveraging its market-leading technology platform and extensive international network of buyers, Auction.com empowers consumers, investors and real estate professionals with unprecedented levels of flexibility, control and simplicity to easily complete real estate transactions online. Auction.com was founded in 2007 and is based in Irvine, California. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-04-12 |
Stretto
Irvine, California, United States Stretto provides a full spectrum of bankruptcy-administration solutions and technology tools to fiduciaries. By merging the industry’s leading bankruptcy software and services providers for Chapter 7 trustees and debtors’ attorneys, and introducing new corporate-restructuring administration capabilities, Stretto provides an unparalleled portfolio of bankruptcy-related services. Stretto was established in 1987 and is based in Irvine, California. |
Buy | - |
