Aurora Capital is a private equity firm managing over USD2 billion of assets based out of Los Angeles. It had completed the announced sale of Mitchell International, a service provider of technoligy, connectivity and information solutions for the Property and Casualty claims and collision repair industries.
The acquisition will be made by KKR, the global hedge fund firm. The financial terms of the transaction were deemed private.
According to Aurora Software and Informaton Services Practice Head, "Aurora's strategy of identifying outstanding companies and partnering with strong management teams to accelerage growth and profitability is exemplified by the success of Mitchell International. Mitchell's management team, led by CEO Alex Sun, has done a fantastic job enhancing the companies strategic position and we wish them and KR the very best in the future. We will continue to identify opportunities in the middle market that leverage the team's unique ability to help the companby reach its potential and create value for all of our stakeholders."
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