18 05 2016

Bain Capital Private Equity and Vista Equity Partners to acquire Vertafore

Ropes & Gray represented TPG Capital and portfolio company Vertafore in the proposed sale of Vertafore to Bain Capital Private Equity and Vista Equity Partners.


Vertafore is the leader in modern insurance technology with the largest customer base in the industry. It has more than 45 years of industry expertise and connects every point of the distribution channel, from agencies to carriers to managing general agents, managing general underwriters, and state governments. The company, led by Jeffrey S. Hawn, David Arkley, Theo Beack, Joe Magrady and Jennifer Guild, is headquartered in Bothell, Wash. The proposed sale was announced May 2 and is expected to close during the third quarter of 2016 subject to customary regulatory review. Additional terms of the transaction were not disclosed. The Ropes & Gray team advising TPG and Vertafore included private equity partner Amanda McGrady Morrison (Picture) (Boston); finance partner Jay Kim (New York); tax partner Christopher Leich (Boston); executive compensation & employee benefits partner Loretta Richard (Boston); intellectual property transactions partner James DeGraw (San Francisco); and private equity associates Anna Rozin (New York) and Will Baker (Boston). Kirkland & Ellis LLP represented Bain Capital Private Equity and Vista Equity Partners with a team including Matthew Steinmetz, Stuart Casillas, Matthew O’Brien and Matthew Goulding, and debt finance partners Linda Myers, Sonali Jindal and Michelle Kilkenney Involved fees earner: Amanda McGrady Morrison - Ropes & Gray; Anna Rozin - Ropes & Gray; William Baker - Ropes & Gray; Jay Kim - Ropes & Gray; Christopher Leich - Ropes & Gray; Loretta Richard - Ropes & Gray; James DeGraw - Ropes & Gray; Matthew Steinmetz - Kirkland & Ellis; Stuart Casillas - Kirkland & Ellis; Matthew O'Brien - Kirkland & Ellis; Matthew Goulding - Kirkland & Ellis; Linda Myers - Kirkland & Ellis; Sonali Jindal - Kirkland & Ellis; Michelle Kilkenney - Kirkland & Ellis;

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