Solera Holdings Says It’s Exploring Possible Sale

Tony Aquila

Tony Aquila

Solera Holdings, which owns LYNX Services, GTS and Glaxis, is “exploring a variety of strategic alternatives,” including a possible sale of the company, according to a company statement it released.

“There can be no assurance that the exploration of strategic alternatives will result in a transaction,” according to a written statement.

“I want to be clear that Solera’s primary focus continues to be our customers around the world,” says Tony Aquila, Solera’s founder, chairperson and CEO. “We are excited about continuing to deliver our world class solutions and services to our customers and developing new solutions that enable our customers to serve their customers in the digital age.”

As a part of the process, the company’s board of directors has formed a special committee, which has retained Centerview Partners LLC as its financial advisor and Sullivan & Cromwell as its legal advisor. Rothschild Inc. is serving as financial advisor.

Centerview partners is an independent investment banking and advisory firm.

“The firm provides advice on mergers and acquisitions, financial restructurings, valuation, and capital structure to companies, institutions and governments,” according to the company’s website.

Rothschild provides strategic, mergers and acquisitions, wealth management and fundraising advice and services to governments, companies and individuals worldwide, according to the company’s website.

Solera completed its acquisition of Pittsburgh Glass Works (PGW) Insurance and Services Division, which included LYNX Services, GTS and Glaxis in July 2014.

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