Advent agrees to buy life insurance software firm Vermeg from Charterhouse
A subsidiary of the Abu Dhabi Investment Authority will join as a minority co-investor, with completion expected in the first quarter of 2027.
Advent has signed an agreement to buy Vermeg, which provides core policy administration technology to life and health insurers, from Charterhouse Capital Partners and founder Badreddine Ouali, the private equity firm said in London on 2 November.
Vermeg's life insurance clients are primarily in France and the Benelux. Its other business supplies post-trade processing and collateral management technology to capital markets firms. A wholly owned subsidiary of the Abu Dhabi Investment Authority will join as a minority co-investor. Ouali will remain a shareholder and become vice chairman.
Mike Ettling, an operating partner at Advent, will become chairman on completion. He also chairs Sapiens, the insurance software company whose sale to Advent closed on 17 December 2025. Sapiens reported revenue of $542m in 2024.
Completion is expected in the first quarter of 2027, subject to regulatory approvals.
Related coverage: Guidewire agrees to buy London pricing firm hyperexponential for $1.7bn and Zurich to run its Cover-More travel insurance business from London in 2027.
Sources
- Advent: Advent to acquire Vermeg (2 November 2026)
- Sapiens: Leadership appointments following closing of acquisition by Advent (17 December 2025)
CoverWire is a news and information service. Nothing here is investment advice.
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