Debevoise & Plimpton LLP is representing MMC Capital, Inc. and Vertafore, Inc. in Hellman & Friedman LLC’s acquisition of Vertafore, Inc. from Trident II and certain of its affiliates, which are managed by MMC Capital, Inc., a wholly owned subsidiary of Marsh & McLennan Companies, Inc., and other minority investors. JMI Equity is investing alongside Hellman & Friedman in this acquisition. The transaction is expected to close before the end of the year.
Vertafore, Inc. is a leading provider of specialized software, services and information for the property and casualty insurance industry. MMC Capital, Inc. is a global private equity firm, serving as the manager of the Trident Funds, which have raised more than $3 billion in committed capital to make investments in the insurance, employee benefits and financial services industries. Hellman & Friedman LLC is a San Francisco-based private equity firm that has managed over $8 billion of committed capital. JMI Equity is a San Diego and Baltimore-based venture capital firm exclusively focused on the software and business service industries.
The Debevoise team was led by partner Stephen R. Hertz and included tax partner Seth L. Rosen, benefits partner Lawrence K. Cagney and associates Stefan P. Stauder, Nilufer Shaikh, Matthew O’Halloran and Christopher P. Del Rosso. Counsel Judith L. Church and associate Kyra K. Bromley also assisted on the matter.
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