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FT Partners Advises Zywave on its Sale to Aurora Capital

Overview of Transaction

  • On November 4, 2013, Zywave, Inc., the leading provider of insurance and financial planning software solutions, announced the sale of its Insurance Solutions business to Aurora Capital Group ("Aurora")
  • Zywave Insurance Solutions provides technology-enabled content and communication, agency automation, business intelligence and analytics tools to the employee benefits and P&C insurance distribution industry
  • The business will retain the "Zywave" name post-close
  • Aurora is a Los Angeles-based private equity firm managing over $2 billion of capital across multiple funds
  • Vista Equity Partners ("Vista"), a U.S.-based private equity firm with offices in San Francisco, Chicago and Austin, will retain ownership of the Zywave Financial Solutions business, which will be renamed Advicent Solutions ("Advicent")
  • The transaction is expected to close in the next 30 days; terms of the transaction were not disclosed

Significance of Transaction

  • Transaction represents a highly attractive outcome for Vista and other shareholders of Zywave, Inc.
  • Positions the Insurance Solutions business well to pursue additional growth opportunities and continue to enhance its market leading platform
  • Provides Aurora the opportunity to leverage its extensive industry experience and partner with a leading insurance technology provider

FT Partners' Role

  • FT Partners served as exclusive Strategic and Financial advisor to Zywave and Vista, the Company's controlling shareholder
  • FT Partners leveraged its deep knowledge, extensive experience and broad insurance industry relationships to help achieve a highly favorable outcome for all stakeholders
  • Transaction demonstrates FT Partners' continued success in achieving highly attractive outcomes for leading insurance, benefits and healthcare IT and services firms in the financial technology landscape