Vertafore Announces Agreement to be Acquired by TPG Capital

By Vertafore, PRNE
Wednesday, June 9, 2010

TPG Capital to acquire Vertafore from Hellman & Friedman

BOTHELL, Washington, June 10, 2010 - Vertafore, a leading provider of software and services to the insurance
industry, today announced that a definitive agreement has been reached for
the company to be acquired by investment funds managed by TPG Capital
("TPG"). TPG will purchase the company from Hellman & Friedman and its
co-investor JMI Equity for a total consideration of US$1.4 billion.
Additional terms of the transaction were not disclosed. The acquisition is
expected to close in the third quarter, subject to customary regulatory

Euan Menzies, President and CEO of Vertafore, said "We are extremely
proud of Vertafore's market leading position, innovative products and proven
ability to provide value-added services to our clients. We have enjoyed the
strong support of Hellman & Friedman and JMI Equity over the past several
years, and are excited to welcome our new partner, TPG."

Mr. Menzies continued, "TPG is a premier private investment firm that has
an impressive track record in the technology field. The TPG team understands
our business and shares our vision for the future of the company. We believe
this will be an excellent partnership as we collaborate to build future
successes and continue our strong customer focus."

"Vertafore is a world-class company that has developed essential products
and services for the growing insurance industry," said John Marren, a partner
at TPG. "Vertafore has proven its ability to grow across market cycles both
organically and through well-planned and successfully integrated
acquisitions. We look forward to working with the company's excellent
management team and dedicated employees."

"We have had a tremendously successful partnership with Euan Menzies and
the entire Vertafore team," said David Tunnell, Managing Director of Hellman
& Friedman. "We are proud of the company's performance and market leadership
and are confident in a smooth ownership transition."

Barclays Capital acted as financial advisor and Simpson Thacher &
Bartlett LLP acted as legal counsel to Vertafore in connection with the
transaction. Credit Suisse acted as financial advisor, Cleary Gottlieb Steen
& Hamilton LLP served as legal counsel and Deloitte served as accounting and
tax advisor to TPG in connection with the transaction. Debt financing is
being provided by Credit Suisse.

About Vertafore

Vertafore is the leading provider of software and information to the
insurance distribution channel including independent agents, brokers, MGAs,
carriers and reinsurers. Vertafore leverages a unique industry presence to
deliver meaningful solutions - powerful technology, critical information and
robust insights to help organizations effectively respond to business
challenges and capture new opportunities. Vertafore solutions have helped
more than 17,000 customers and 500,000 users gain a competitive advantage to
accelerate their business performance. For more information about Vertafore,
please visit

About TPG Capital

TPG Capital is the global buyout group of TPG, a leading private
investment firm founded in 1992, with US$48 billion of assets under
management and offices in San Francisco, Beijing, Fort Worth, Hong Kong,
London, Luxembourg, Melbourne, Moscow, Mumbai, New York, Paris, Shanghai,
Singapore and Tokyo. TPG Capital has extensive experience with global public
and private investments executed through leveraged buyouts,
recapitalizations, spinouts, growth investments, joint ventures and
restructurings. TPG's technology investments have included SunGard, Fidelity
National Information Services, Sabre Holdings, Alltel, Aptina, Avaya,
Intergraph and Lenovo, among others.

About Hellman & Friedman

Hellman & Friedman LLC is a leading private equity investment firm with
offices in San Francisco, New York and London. Since its founding in 1984,
Hellman & Friedman has raised over US$25 billion of committed capital. The
Firm focuses on investing in superior business franchises and serving as a
value-added partner to management in select industries including software,
business & marketing services, internet & digital media, financial services,
insurance, media, healthcare, and energy & industrials. Representative
investments in the software and insurance sectors include Datatel
Corporation, GeoVera Holdings, Inc., Intergraph Corporation, Kronos
Incorporated, SSP Holdings plc, and Sedgwick Claims Management Services, Inc.
For more information on Hellman & Friedman, visit

About JMI Equity

JMI Equity is a private equity firm focused on investing in growing
software, internet and business services companies. Founded in 1992, JMI has
invested in 97 leading businesses in its target markets and has approximately
US$1.3 billion of committed capital under management. JMI provides capital
for growth, recapitalizations, acquisitions and buyouts. Representative
investments include Blackbaud, DoubleClick, Eloqua and For
more information on JMI, visit


    For Vertafore:                 Linda Caudle

    For TPG Capital:               Kristin Celauro
                                   Owen Blicksilver Public Relations, Inc.

    For Hellman & Friedman:        Steven Bruce / Brendan McManus
                                   Abernathy MacGregor Group (New York)

    For JMI Equity:                Chuck Dohrenwend
                                   Abernathy MacGregor Group (New York)

Linda Caudle of Vertafore, +1-425-354-6043, lcaudle at; or Kristin Celauro of Owen Blicksilver Public Relations, Inc., +1-732-291-5456, kristin at, for TPG Capital; or Steven Bruce, sb at, or Brendan McManus, bfm at, both of Abernathy MacGregor Group (New York), +1-212-371-5999, for Hellman & Friedman; or Chuck Dohrenwend of Abernathy MacGregor Group (New York), +1-212-371-5999, cod at, for JMI Equity

will not be displayed