PriyaPatel
TLDR:
Private equity investor AnaCap is in discussions to acquire insurance software company Cleva from Inetum Group. Cleva specializes in software solutions for the insurance sector, primarily in France, Portugal, and Spain. The acquisition aims to leverage AnaCap’s expertise in insurance and software to accelerate Cleva’s growth in the Iberian region.
Key Elements:
Private equity investor AnaCap is in exclusive talks to acquire Cleva, an insurance software company, from Inetum Group.
Cleva specializes in delivering software solutions for the core health, life, and non-life insurance sectors and operates in France, Portugal, and Spain, serving over 60 insurance providers and brokers.
The acquisition is aimed at capitalizing on ongoing outsourcing trends in the insurance sector and expanding Cleva’s business reach, particularly in the Iberian region.
The transaction is subject to completion in the second half of 2024 pending the information and consultation of Inetum Group’s employee representative bodies and standard closing conditions.
Both AnaCap and Cleva are optimistic about the growth prospects post-acquisition and look forward to a successful partnership.
