Houlihan Lokey Advises Advisen

Houlihan Lokey is pleased to announce that its client Advisen, Ltd., a preeminent insurance data and technology provider, has been acquired by Zywave, a portfolio company of Clearlake Capital Group, LP. The transaction closed on November 12, 2020.

Advisen is the leading provider of data, technology, and media solutions for the commercial property and casualty insurance market. Advisen’s proprietary data sets and applications focus on large, specialty risks. Additionally, through its subsidiary, Web Connectivity Ltd., Advisen provides messaging services, business consulting, and technical solutions to streamline and automate insurance transactions. Furthermore, through its media business, Advisen connects a community of more than 200,000 professionals through daily newsletters, conferences, and webinars. The company was founded in 2000 and is headquartered in New York City, with offices in the United States, United Kingdom, and Philippines.

Zywave leads the insurance technology industry, fueling business growth for its partners with cloud-based sales management, client delivery, content, and analytics solutions. Offering a technology platform embedded with robust data and the most comprehensive content portfolio available, Zywave empowers smarter business decisions throughout the entire customer lifecycle. More than 6,000 carriers, HCM service providers, agencies, and brokerages worldwide—including all of the top 100 U.S. insurance firms—use Zywave’s solutions to enhance client services, achieve business growth, and promote greater health, wellness, and safety.

Clearlake Capital Group is a leading private investment firm founded in 2006. With a sector-focused approach, the firm seeks to partner with world-class management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake's operational improvement approach, O.P.S.® The firm's core target sectors are technology, industrials, and consumer. Clearlake has approximately $25 billion of assets under management, and its senior investment principals have led or co-led more than 200 investments.

Houlihan Lokey served as the exclusive financial advisor to Advisen. The transaction is emblematic of Houlihan Lokey’s continued success advising market-leading insurance technology companies, with a rapidly growing presence across all segments of financial technology.