"We are pleased to move forward with TPG as our new partner.They recognize the value we have built and they share our visionfor a successful future," says Euan Menzies, president and CEO atVertafore.
|"Through innovation, steady growth, and strong leadership,Vertafore's products have become essential to the insuranceindustry," says John Marren, a partner at TPG. "We are pleased tobe partnering with Vertafore's talented management team to achievethe company's next phase of growth."
|The acquisition was funded with a combination of investorcapital and financing arranged through Credit Suisse, Bank ofAmerica Merrill Lynch, Barclays Capital and RBC CapitalMarkets.
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