Applied Systems Announces Minority Investment by CapitalG
10.17.18
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Simpson Thacher represented Applied Systems and Hellman & Friedman in connection with a minority investment in Applied Systems by CapitalG, Alphabet’s growth equity investment fund. The transaction closed in the third quarter of 2018. The terms of the transaction were not disclosed.
Applied Systems is a leading provider of insurance software and a recognized pioneer of agency management systems and data exchange between agencies, brokerages, carriers and their clients.
The Simpson Thacher team included Richard Capelouto, Andrew Simon-Rooke and Sherry Shen (M&A).