Stone Point Capital’s Acquisition of Mitchell International, Inc.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC served as the financial advisors to Mitchell. Three Ocean Partners also advised the company. Simpson Thacher & Barlett LLP served as legal advisors to Mitchell and KKR. Kramer Levin Naftalis & Frankel LLP served as legal advisor to Stone Point. The deal is expected to close in the second quarter of 2018 subject to customary closing conditions. Financial terms of the transaction were not disclosed.

Mitchell International, Inc. (Mitchell), a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) claims and Collision Repair industries, KKR, and Elliott Management have executed a definitive agreement under which funds managed by private equity firm Stone Point Capital LLC (“Stone Point”) are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management.

Founded in 1946 and headquartered in San Diego, California, Mitchell delivers smart technology solutions that simplify and accelerate claims handling, repair processes, and pharmacy transactions, driving more accurate, consistent and cost-effective resolutions. With over 2,400 associates, Mitchell provides solutions that help businesses and individuals restore their lives and property, processing more than one billion transactions annually for over 300 insurance providers, over 65,000 pharmacies and 30,000 collision repair facilities worldwide.

Simpson Thacheradvised KKR and Mitchell International, Inc. with Marni Lerner (Picture), Ravi Purushotham and Michael Chao (M&A); Adam Shapiro (Credit); Robert Holo and 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).

Involved fees earner: Marni Lerner – Simpson Thacher & Bartlett; Ravi Purushotham – Simpson Thacher & Bartlett; Michael Chao – Simpson Thacher & Bartlett; Adam Shapiro – Simpson Thacher & Bartlett; Robert Holo – Simpson Thacher & Bartlett; Sophie Staples – Simpson Thacher & Bartlett; David Rubinsky – Simpson Thacher & Bartlett; Patricia Adams – Simpson Thacher & Bartlett; Lori Lesser – Simpson Thacher & Bartlett; Alexander Moser – Simpson Thacher & Bartlett; Timothy Mulvihill – Simpson Thacher & Bartlett; Peter Guryan – Simpson Thacher & Bartlett; Ellen Frye – Simpson Thacher & Bartlett;

Law Firms: Simpson Thacher & Bartlett;

Clients: KKR; Mitchell International, Inc.;

Author: Ambrogio Visconti