Clearlake Capital Acquires Zywave and Advisen to Build InsurTech Platform

November 17, 2020

Clearlake Capital completed its acquisition of Zywave and also acquired Advisen, combining Zywave's front-office insurance SaaS with Advisen's insurance data and analytics to form a buy-and-build InsurTech platform. Aurora Capital Partners (the prior majority owner of Zywave) is investing alongside Clearlake to support accelerated organic and inorganic growth; the combined company will be led by Zywave CEO Jason Liu. Financial terms were not disclosed.

Buyers
Clearlake Capital Group, L.P., Aurora Capital Partners
Targets
Zywave, Inc., Advisen Ltd.
Platforms
Zywave, Inc.
Industry
Cloud & SaaS
Location
Wisconsin, United States
Transaction Type
Buyout

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