NU Online News Service, June 15, 1:15 p.m. EDT

Vertafore Inc. has been purchased by private global investment firm TPG Capital LP for $1.4 billion, Vertafore announced.

Bothell, Wash.-based Vertafore, which provides software and services to the insurance industry, was purchased from co-investors Hellman & Friedman LLC and JMI Equity.

The acquisition is expected to close in the third quarter, subject to customary regulatory approvals, Vertafore said.

Recommended For You

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© Touchpoint Markets, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more inforrmation visit Asset & Logo Licensing.