Vertafore, a provider of software and services to the insurance industry, announced the completion of its acquisition by investment funds managed by TPG Capital. The deal was first announced on June 10, 2010. TPG purchased the company from Hellman & Friedman and its co-investor JMI Equity for a total consideration of $1.4 billion.
“We are pleased to move forward with TPG as our new partner,” says Euan Menzies, president and CEO at Vertafore. ”They recognize the value we have built and they share our vision for a successful future.”
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