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Hellman & Friedman and JMI Equity have completed their sale of Vertafore to TPG Capital for $1.4 billion. Additional financing for the transaction was arranged by Credit Suisse, BofA Merrill Lynch, Barclays Capital and RBC Capital Markets. Vertafore provides software and services to the insurance industry and had been backed by Hellman & Friedman and JMI since a $400 million LBO in 2004.
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