Tractable, a deep learning company specializing in computer vision, announced an $8 million Series A investment led by Ignition Partners, an enterprise tech-focused venture firm with offices in Silicon Valley and Seattle. Other investors include Zetta Venture Partners, a venture capital firm focused on artificial intelligence, as well as insurance industry leaders such as Andy […]
CCC Acquired by Advent International
Private equity firm acquires insurance and collision repair industry software provider. CCC Information Services Inc., the software and service provider to the automotive, insurance, and collision repair industries, announced today that Advent International, a global investment firm with deep experience in the technology sector, will purchase equity assets from CCC’s previous owners Leonard Green & Partners […]
Service King Reportedly Up for Sale
Private equity firms rumored to be considering exiting their position in collision repair facility operator. Service King Collision Repair Centers may be up for sale according to an article published Monday by Bloomberg. Founded in 1976 by Eddie Lennox in Texas, the collision repair chain now operates 309 locations in 23 states. According to unnamed […]
KKR Acquires Mitchell International
Aurora Capital Group sells the stake in Mitchell that it acquired in 2007. Mitchell International announced yesterday that it has executed a definitive agreement with KKR whereby Aurora Capital Group will exit its equity position and transition ownership to KKR. Financial terms of the transaction were not disclosed. Aurora led an investment group that acquired […]
Investcorp Completes Sale of CCC to Leonard Green & Partners
Investcorp confirmed that it has successfully completed the sale of CCC Information Services to the Los Angeles based private equity firm Leonard Green & Partners, L.P. Terms of the transaction were not disclosed however Investcorp noted that the sale of CCC unlocks over $550 million in proceeds for Investcorp and its investors. CCC was a […]
CCC to Get New Controlling Interest Investor
CCC Information Services Inc. announced that the private equity firm Leonard Green & Partners has entered into a definitive agreement to acquire a controlling interest in the company from Investcorp. Committed debt financing has been provided by affiliates of Goldman Sachs, including its principal mezzanine funds, and J.P. Morgan. Terms of the transaction were not […]
The Carlyle Group to Acquire Service King Collision Repair Centers
The investment firm The Carlyle Group, together with management and employees of Service King Collision Repair Centers, announced they will acquire majority ownership in the chain of auto body repair shops. Founder Eddie Lennox will retain a significant ownership stake in Service King. Chief Executive Officer Cathy Bonner will become Chairman representing Lennox on the […]
New Investment Group to Buy Mitchell International
Mitchell International, Inc., has signed a definitive agreement to sell the company to an investment group led by Aurora Capital Group and including General Electric Pension Trust. Aurora Capital Group is a Los Angeles-based investment firm formed in 1991 that acquires and builds companies in partnership with operating management. The Firm currently manages approximately $2 […]
Caliber Completes $20 million Financing
Funding to support acquisition and consolidation plans. Announces first three corporate acquisitions. Caliber Collision Centers, Inc. announced February 6 that Keystone Inc., formerly The Robert M. Bass Group, and Zurich Centre Investments Limited have invested $20 million in equity to support Caliber’s efforts to lead the consolidation of the fragmented collision repair industry. Caliber plans […]