William Blair acted as financial advisor to Zywave, a portfolio company of Aurora Capital Partners, in connection with its pending sale to Clearlake Capital. The transaction was announced on September 17, 2020 and is expected to close in the fourth quarter of 2020. This marks the 24th Insurance Technology transaction that William Blair has advised on since 2017.
Transaction Highlights
- InsurTech expertise: Zywave recognized William Blair’s extensive domain expertise, buyer relationships, and track record of advising industry-leading InsurTech and vertical software companies.
- Leading M&A process capabilities: William Blair designed and executed a highly targeted, accelerated process for Zywave that generated significant competition from highly motivated buyers.
- Deep relationships with Zywave: William Blair’s long-standing relationships with Zywave and Aurora have been built through many years and countless interactions, leading to highly effective, resonant storytelling throughout the process.
About the Companies
Zywave leads the insurance tech industry, fueling business growth for its partners with cloud-based sales management, client delivery, content, and analytics solutions. Offering a technology platform embedded with robust data and the most comprehensive content portfolio available, they empower smarter business decisions throughout the entire customer lifecycle. More than 6,000 brokerages worldwide—including all of the top 100 U.S. insurance firms—use Zywave solutions to enhance client services, achieve business growth and promote greater health, wellness and safety.
Aurora Capital Partners is a leading private equity firm focused principally on control investments in middle-market companies with leading market positions, stable industry dynamics, attractive business model characteristics, and actionable opportunities for growth in partnership with management. Aurora provides unique resources to its portfolio companies through its Strategy & Operations Program and its team of experienced operating advisors. Aurora's investors include leading public and corporate pension funds, endowments and foundations active in private equity investing.
Clearlake Capital Group, L.P. is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are technology, industrials and consumer. Clearlake has approximately $25 billion of assets under management and its senior investment principals have led or co-led over 200 investments.
Learn more about our technology investment banking expertise.