KKR and Elliott sell stake in collision repair and insurance technology provider
Mitchell International, Inc. KKR, and Elliott Management today announced that private equity firm Stone Point Capital LLC are making an investment in Mitchell and acquiring the equity position held by KKR and Elliott Management. Financial terms of the transaction were not disclosed. The deal is expected to close in the second quarter of 2018 subject to customary closing conditions.
KKR acquired its equity position in Mitchell in 2013 from the Aurora Capital Group.
“We have built our leadership position in the Property and Casualty and collision repair industries