Bain Capital and Vista Equity $2.7 billion acquisition of Vertafore

Overview:

• Bain Capital and Vista Equity have acquired Vertafore for $2.7 billion from TPG Capital.
• TPG Capital purchased the company in 2010.
• Bain Capital and Vista Equity obtained Vertafore as a joint acquisition.
• Vertafore is an insurance technology firm.
• The deal is expected to close in Q3.
• Kirkland & Ellis (Matthew Steinmetz) advised the acquirers.
• Ropes & Gray (Jay Kim, Amanda Morrison) acted for the seller and the target.

Kurt Stumpo - Journalist - North America and the Caribbean