The Firm is representing KKR and Mitchell International, Inc. in the proposed sale of Mitchell to Stone Point Capital. The transaction is expected to close during the second quarter of 2018, subject to the receipt of antitrust approvals and other customary closing conditions. Financial details of the transaction were not disclosed.
Mitchell International is a private company that develops software and information solutions for the automotive insurance industry. Headquartered in San Diego, California, Mitchell processes insurance claims for over 300 insurance providers, 65,000 pharmacies and 30,000 collision repair facilities through its Software-as-a-Service business.
The Simpson Thacher team for this transaction includes Marni Lerner, Ravi Purushotham and Michael Chao (M&A); Sophie Staples (Tax); David Rubinsky and Patricia Adams (ECEB); Lori Lesser and Alexander Moser (Intellectual Property); Timothy Mulvihill (Environmental); and Peter Guryan and Ellen Frye (Antitrust).