Weekly Highlights of Private Equity Sector News
In a significant move, Advent has agreed to acquire Sapiens International Corporation for a whopping $2.5 billion in an all-cash transaction. The deal, expected to close in the coming weeks, will make Sapiens a privately held company upon its completion.
The acquisition premium represents a 64% increase over Sapiens' undisturbed closing price on 8 August 2025. Sapiens shareholders will receive $43.50 per share, a substantial return on their investment.
The deal involves an undisclosed existing investor and a significant private equity move by Jared Kushner's private equity firm, Affinity Partners. Affinity Partners, founded in 2021, has agreed to acquire an 8% stake in UK-based digital bank OakNorth, marking a significant investment in one of Britain's most prominent digital lenders.
Meanwhile, OakNorth has been expanding its operations in the US. The company began lending in the US in 2023 and has issued around $1.3 billion in loans to date. Recently, OakNorth agreed to acquire Michigan-based Community Unity Bank, an all-share transaction pending regulatory approval.
Porsche Automobil Holding SE and Deutsche Telekom AG are reportedly in advanced discussions regarding the creation of a €500m ($586m) venture capital fund dedicated to European defence technology. The details of this venture are yet to be disclosed.
Formula Systems will retain a minority stake in Sapiens after the deal closes. The deal also includes committed debt financing, ensuring a smooth transition for Sapiens. The completion of the deal is subject to regulatory and shareholder approval, with a tentative timeline of Q4 2025 or Q1 2026.
Advent has secured $1.3 billion in equity commitments for the acquisition, demonstrating their confidence in Sapiens' potential for growth. This acquisition is set to reshape the landscape of digital banking, with Advent's strategic investment in Sapiens.
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