KKR Buys Insurance Software Co. From Aurora Capital

Law360, New York (September 5, 2013, 7:17 PM EDT) -- KKR & Co. LP said Thursday it will buy Mitchell International Inc., whose software helps insurance companies manage auto and property claims, from fellow private equity firm Aurora Capital Group, becoming the company's third private equity owner.

Founded in 1946, San Diego-based Mitchell work with insurers and body shops, which use the company's information to estimate labor times and the cost of repairs. Financial terms weren't disclosed, though media reports say Aurora didn't get the $1.5 billion asking price. The transaction is expected to close in...
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