Latham & Watkins Advises Sapiens in Public Offering of its Common Shares

Cross-border team represented the Israel-headquartered global provider of software solutions for the insurance industry in the offering.

October 19, 2020

Sapiens International Corporation N.V.(Sapiens), a leading global provider of software solutions for the insurance industry, has announced the pricing of an underwritten public offering of 3,389,830 of its common shares at a public offering price of US$29.50 per share, before underwriting discounts and commissions. Sapiens has also granted the underwriters a 30-day option to purchase up to an additional 508,474 common shares at the public offering price, less underwriting discounts and commissions. All of the shares in the offering are to be sold by Sapiens. The offering is expected to close on October 20, 2020, subject to customary closing conditions.

Latham & Watkins LLP represented Sapiens in the offering with a capital markets team led by London partner Joshua Kiernan and New York partner Nathan Ajiashvili, with New York associates Thomas Gabay and Laura Harper. Advice was also provided on tax matters by New York partner Elena Romanova, with New York associate Michael Yu; on IP matters by Boston partner Sarah Gagan, with New York associate Pelin Serpin; and on data privacy & security matters by Washington, D.C. partner Jennifer Archie, with Washington, D.C. associate Jimmy Smith.

 
 
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