Houlihan Lokey Advises Beyontec

Houlihan Lokey is pleased to announce that Beyontec Solutions (Beyontec) has signed a definitive agreement to be acquired by Azentio Software (Azentio), a portfolio company of Apax Partners. The transaction was signed on June 30, 2021, and is expected to close in Q3 2021 after receipt of relevant regulatory approvals.

Beyontec is a leading global insurance technology (insurtech) company offering a comprehensive suite of cloud-based and digital solutions across general insurance, takaful, life insurance, medical insurance, and insurance broking. Beyontec has over 300 employees and over 65 customers across the U.S., Middle East, and Africa. Beyontec is dual-headquartered in Dallas, Texas, and Chennai, India.

Azentio is a newly formed company in 2020 that was carved out of 3i Infotech, a global information technology company, by global private equity firm Apax Partners. Azentio provides mission-critical, vertical-specific software products for customers in banking, financial services, and insurance. Singapore-based Azentio has over 700 customers across 48 countries, with a team of more than 1,600 employees across offices in nine countries.

Azentio and Beyontec have significant synergies, allowing Azentio to offer enhanced, end-to-end insurtech solutions for life, health, and commercial insurance. The acquisition also allows for significant scale benefits and investments in next-generation insurance technology products.

Houlihan Lokey served as the exclusive financial advisor to Beyontec and assisted in initiating, marketing, structuring, and negotiating the transaction on its behalf. The transaction highlights Houlihan Lokey’s expanding capability as a leading advisor to insurtech companies and builds on significant recent momentum in the broader fintech sector. Other recent Houlihan Lokey insurtech transactions include Advisen’s sale to Zywave, Thomas H. Lee’s acquisition of Insurance Technologies, Mr. Cooper’s sale of Title365 to Blend, and Protection America’s investment in Matic.

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