Bain Capital Private Equity and Vista Equity Partners have agreed in principal to buy insurance tech provider Vertafore from TPG Capital. Financial details of the deal are not yet disclosed.

"We are thrilled to be working with two great private investors like Bain Capital Private Equity and Vista Equity Partners to fuel the future growth of Vertafore, and are looking forward to a great partnership that will benefit our customers, our employees, and our industry,” said Jeff Hawn, Chairman & CEO at Vertafore, in a statement. “We are also thankful for the strong leadership and support from TPG over the past six years and appreciate all they’ve done to prepare us for the next phase of our company’s growth."

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