News & Events

The Firm is representing Kohlberg Kravis Roberts & Co. L.P. (“KKR” ) in connection with Aurora Capital Group’s exit from its equity position in Mitchell International, Inc. (“Mitchell”) and the transition of ownership to KKR. The transaction was announced on September 5, 2013. The transaction, which is subject to regulatory approvals and other customary closing conditions, is expected to close in the fourth quarter of 2013. Financial terms were not disclosed.

Mitchell, founded in 1946 and headquartered in San Diego, California, is a leading provider of technology, connectivity and information solutions to the Property & Casualty Claims and Collision Repair industries. Mitchell offers a comprehensive range of products and services that assist insurance carriers, collision repair facilities and other claims payers in efficiently managing automotive and workers' compensation insurance claims. With approximately 2,000 associates, Mitchell provides products that help businesses and individuals restore their lives and property, and it processes more than 50 million transactions annually for over 300 insurance companies and over 30,000 collision repair facilities worldwide.  

The Simpson Thacher team for the transaction includes Adam Glenn and Jihyun Chung (M&A); James Cross (Credit); Joe Tringali and Ellen Frye (Antitrust); Adeeb Fadil (Environmental); Jennifer Pepin and Patricia Adams (Executive Compensation and Employee Benefits); Lori Lesser and Marcela Robledo (IP); Krista McManus (Real Estate); and Steve Todrys and Sophie Staples (Tax).