Solera Holdings in talks to sell itself to private-equity firms for around $3.6 bn

Solera Holdings Inc, an insurance claims processing software maker, is close to selling itself to private-equity firms Thoma Bravo and Vista Equity Partners for about $53 a share, Bloomberg yesterday reported, citing people with knowledge of the matter.

Thoma Bravo and Vista Equity are among final bidders for Solera and have offered to pay $53 per share, valuing the Texas-based company at about $3.6 billion, the report said.

Solera had last month said that it is exploring strategic options and hired Centerview Partners and Rothschild as financial advisers and Sullivan & Cromwell as a legal adviser.

Founded in 2005, Solera is a leading provider of risk and asset management software and services to the automotive and property market, including the global "property and casualty" insurance industry.

It processes over 230 million transactions annually and has 180,000 customers across over 75 countries.

Its customers include more than 4,000 automobile insurance companies, 60,500 collision repair facilities, 12,500 independent assessors, 44,500 service, maintenance and repair facilities and 58,500 automotive recyclers, auto dealers and others.

Solera generates revenues from many of the world's largest automobile insurance companies, including the ten largest automobile insurance companies in Europe and the ten largest automobile insurance companies in North America.

The company posted $1.1 billion for 2015, up from $987.3 billion the previous year and adjusted earnings before interest, taxes, depreciation and amortization of $458 million, compared to $415.4 million in 2014.