“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.”
The acquisition was funded with a combination of investor capital and financing arranged through Credit Suisse, Bank of America Merrill Lynch, Barclays Capital and RBC Capital Markets.
“Through innovation, steady growth, and strong leadership, Vertafore’s products have become essential to the insurance industry,” says John Marren, a partner at TPG. "We are pleased to be partnering with Vertafore’s talented management team to achieve the company’s next phase of growth."
