Walless has advised Sapiens International Corporation on its acquisition of Tia Technologies from EQT Mid Market. Kromann Reumert reportedly advised the seller on the deal.
Financial details of the transaction, which is expected to close by the end of November 2020, were not disclosed.
Sapiens International Corporation is a publicly traded provider of software solutions for the insurance industry, headquartered in Israel.
Tia Technologies a supplier of digital software solutions for the insurance industry, which offers insurance applications for property and casualty and life and health insurers.
EQT Mid Market is a Swedish investment fund primarily focused on middle market buy-outs and growth equity investments in Europe, North America, and Asia.
According to Walless, “the acquisition of Tia Technologies is going to expand Sapiens’s Nordic presence. In addition to that, it is going to help improve Sapiens’s position in South Africa and the Baltics market.”
The Walless team consisted of Associate Partner Alina Makovska, Senior Associate Guoda Sileikyte, and Associate Goda Sukackaite.