Thursday, April 26, 2018

Mitchell International Gets Private Equity Funding

San Diego-based Mitchell International, a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. Size of the investment was not announced. According to the companies, Stone Point Capital is acquiring the equity position in Mitchell currently held by KKR> and Elliott Management. Mitchell, which was founded in 1946, provides technology for claims handling, estimates, bill review, and other aspects of collision repair facilities. Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC, along with Three Ocean Partners advised Mitchell in the deal. Simpson Thacher & Barlett LLP served as legal advisors to Mitchell and KKR, and Kramer Levin Naftalis & Frankel LLP served as legal advisor to Stone Point.