November 17, 2020
Clearsight Provides Fairness Opinion to Advisen in its Acquisition by Zywave
Advisen Ltd. (“Advisen”) announced on November 17th, 2020 that it has been acquired by Zywave, Inc. (“Zywave”), a portfolio company of Clearlake Capital Group, L.P. (“Clearlake”), further establishing the new platform as the leading software-as-a-service (SaaS) provider of front office insurance solutions. Zywave’s former majority owner, Aurora Capital Partners (“Aurora”), invested alongside Clearlake in the transaction. Clearsight Advisors is proud to have provided a fairness opinion to Advisen in this transaction.
Advisen is a leading provider of software and data solutions to the commercial property and casualty insurance market. Advisen’s proprietary data sets and applications focus on large, specialty risks offering information, analytics, ACORD messaging gateway, news, research, and events, connecting commercial brokers, insurance carriers and insurance organizations worldwide.
Zywave is a market-leading provider of cloud-based insurance distribution software, offering expansive digital solutions to strengthen and grow insurance businesses. Financial terms were not disclosed. For further information on this transaction, please see the full release in PR Newswire.