Sapiens International Stock Soars 44%. It’s Going Private in a $2.5 Billion Deal.

Private-equity investor Advent will pay $43.50 a share for the insurance-technology company in an all-cash transaction. (Dreamstime)

Sapiens International stock was skyrocketing Wednesday after the insurance-technology company announced it had reached an agreement to be taken private.

Private-equity investor Advent will pay $43.50 a share for Sapiens in an all-cash deal that values that Israel-based company at around $2.5 billion. Sapiens stock finished trading Tuesday at $29.50, giving it a market capitalization of $1.65 billion.

Upon completion of the transaction, which is expected in the fourth quarter of 2025 or first quarter of 2026, Sapiens shares will no longer be publicly listed.

The stock was rising 44% to $42.49 on Wednesday.

The companies described the move as a way to accelerate Sapiens’ innovation in the insurance-technology category.

“Insurers are increasingly turning to technology to help unlock growth and profitability, drive innovation and improve business resilience,” said Douglas Hallstrom, director at Advent. “This transaction comes at a critical time of market change, and we believe Sapiens will more effectively be able to navigate this in a private setting.”

Write to Nate Wolf at nate.wolf@barrons.com