2026-09-24 · Source: Insurance Journal (API)
Summary in 3 Points • Hellman & Friedman is considering a sale of Applied Systems, potentially valuing it at up to $10 billion. • Applied Systems generates over $550 million annually in earnings before interest, taxes, depreciation, and amortization. • The sale process has attracted interest from various prospective buyers, according to anonymous sources. --- Private equity firm Hellman & Friedman is exploring the sale of Applied Systems, an insurance software provider, which could reach a valuation of $10 billion. The firm is collaborating with investment banks JPMorgan and Goldman Sachs to facilitate the sale, which has garnered interest from potential buyers. Applied Systems, based in Chicago, offers software solutions for insurance agencies and brokerages, generating over $550 million in annual earnings before interest, taxes, depreciation, and amortization. This potential sale follows a trend of increased sell-side activity in the software sector, with several firms considering sales to capitalise on improving valuations. Recent notable transactions include ServiceNow's acquisition of Armis and Hg's buyout of OneStream. The market is witnessing a resurgence in interest for mature software assets, suggesting a shift in investor sentiment towards established technology companies. For the London Insurance Market, the potential sale of Applied Systems could impact the technology solutions segment, particularly affecting firms like Lloyd's of London that rely on advanced software for underwriting and claims management.
For the London Insurance Market, the potential sale of Applied Systems could impact the technology solutions segment, particularly affecting firms like Lloyd's of London that rely on advanced software for underwriting and claims management.