Prima Solutions, a company which designs, develops and markets software for insurance providers, is set to be bought out by The Carlyle Group.
The private equity giant has agreed to buy the French company in partnership with its management team.
Carlyle Europe Technology Partners III, which closed on €657m in May 2015, was used to purchase the company.
The deal is expected to close on September 30th 2017.
The company was founded in 2000 by co-founder of insurance comparison website Assurland.com Hugues Delannoy.
The software is said to help insurance companies improve customer relations and insurance policy management.
Allianz, AXA, MAIF, Société Générale, PSA Insurance and Hiscox are clients of Prima Solutions.
The company will continue to be led by the current leadership team, including Hugues Delannoy and CEO Rodolphe Peim.
Copyright FinTech Global 2017
