Hellman & Friedman Explores $10B Sale of Applied
Private equity firm Hellman & Friedman is exploring a sale of insurance software provider Applied Systems that could value the company at up to $10 billion. The firm is working with investment bankers at JPMorgan and Goldman Sachs on the process.
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Private equity firm Hellman & Friedman is exploring a sale of insurance software provider Applied Systems at a valuation of up to $10.0B, people familiar with the matter said late Monday.
The potential divestment ranks among the largest software buyout processes this year. It follows ServiceNow Inc's $7.7B acquisition of cybersecurity provider Armis.
