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.
Continue Reading for Free
Register and gain access to:
- 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
Already have an account? Sign In Now
NOT FOR REPRINT
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
