Thursday, July 29, 2010

Vertafore Acquisition Completes

Bothell, Washington-based Vertafore said Thursday that the acquisition of the firm by private equity firm TPG Capital has completed. The deal, which was first announced on June 10th, was worth $1.4 billion. Vertafore was previously owned by Hellman & Friedman and JMI Equity. Vertafore is a provider of software and services for the insurance industry. TPG Capital's financing for the deal came from Credit Suisse, Bank of America Merrill Lynch, Barclays Capital and RBC Capital Markets.