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Last updated on April 18, 2014 at 0:14 EDT

Aurora Capital Group Completes Sale of Mitchell to KKR

October 14, 2013

LOS ANGELES, Oct. 14, 2013 /PRNewswire/ — Aurora Capital Group (“Aurora”), a Los Angeles-based private equity firm with over $2 billion of assets under management, today announced that it has completed the previously announced sale of Mitchell International, a leading provider of technology, connectivity and information solutions to the Property & Casualty (P&C) Claims and Collision Repair industries, to KKR, a New York-based global investment firm. Aurora acquired Mitchell in March 2007 along with co-investors Norwest Equity Partners and GE Pension. Financial terms of the transaction were not disclosed.

Josh Klinefelter, head of Aurora’s Software & Information Services practice, said, “Aurora’s strategy of identifying outstanding companies and partnering with strong management teams to accelerate 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 of enhancing the company’s strategic position, and we wish them and KKR the very best in the future. We will continue to identify opportunities in the middle market that leverage our team’s unique ability to help a company reach its potential and create value for all of our stakeholders.”

About Aurora Capital Group
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 billion in capital and is committed to investing in companies with unique, defensible market positions. Aurora is dedicated to generating long-term value principally through investing the time and resources necessary to enhance the fundamentals of each of its businesses. For more information on Aurora Capital Group, visit its Web site at www.auroracap.com.

Contacts:
Sharon Stern / Bryan Darrow
Joele Frank, Wilkinson Brimmer Katcher
212-355-4449

SOURCE Aurora Capital Group


Source: PR Newswire