Blackstone and Goldman Sachs Asset Management are leading a private credit package of nearly $1bn to help fund Advent International’s $2.5bn acquisition of Israeli software provider Sapiens International, Bloomberg reports.

Advent announced the take-private deal earlier this week, with closing expected by early 2026. The firm has secured committed debt and equity financing to complete the transaction.

Listed in New York and Tel Aviv, Sapiens delivers software solutions to the global insurance industry, covering property and casualty, life, pension, annuity, and reinsurance markets.

The financing comes amid a muted M&A environment, with private equity sponsors actively competing for scarce deal opportunities. The slowdown has intensified competition between banks and private credit funds to back acquisitions, with direct lenders often stepping in to secure mandates.

If you think we missed any important news, please do not hesitate to contact us at news@pe-insights.com.

Can`t stop reading? Read more.