Solera Holdings Said to Approach Buyout Firms Over Possible Sale

Solera Holdings Inc., which sells risk-management software to insurers, is exploring a sale that has attracted interest from private equity firms, people familiar with the matter said.

Solera, based in Westlake, Texas, is working with a financial adviser to gauge buyer interest. The company, which has a market value of about $3.3 billion, has approached buyout firms including Pamplona Capital Management and Thoma Bravo LLC, said the people, who asked not to be identified discussing a private matter. The sale effort is at an early stage and could conclude without a transaction, the people said.

Amber Roberts, a spokeswoman for Thoma Bravo, declined to comment. Representatives for Solera and Pamplona didn’t immediately respond to e-mail requests seeking comment.

Solera’s shares have slipped about 5 percent this year through Tuesday. The insurance software and services provider has itself been a prolific acquirer in recent years, with 10 purchases since the beginning of 2014, according to data compiled by Bloomberg. The largest was a $595 million deal for Identifix Inc., a maker of software designed to boost the efficiency of automotive-repair shops.

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