An investor group led by Aurora Capital and including General Electric Pension Trust has agreed to acquire Mitchell International, a US provider of information, workflow and performance management solutions to the automotive insurance claims and collision repair industries, from a Hellman & Friedman-led investor group.
Financial details of the transaction were not disclosed, but a person familiar with the matter told Dow Jones LBO Wire that the transaction was valued at around $500m.
Aurora chairman Gerald L Parsky said, ‘Mitchell International not only has a storied and well recognised brand in the collision repair market but in recent years has emerged as the dominant provider of auto injury claims solutions.’
Aurora acquires and builds companies in partnership with operating management. The Los Angeles-based investment firm currently manages approximately $2bn in capital.
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