Vertafore lines up financing commitments from Credit Suisse for buyout

By Susanna Moon

Chicago, May 2 – Vertafore Inc. said it obtained financing commitments from Credit Suisse for the planned acquisition of the company.

Funds affiliated with Bain Capital Private Equity and Vista Equity Partners have entered into a definitive agreement to jointly acquire the company from TPG Capital, with the sale expected to close in the third quarter, according to a company press release.

No other terms of the deal were disclosed.

BofA Merrill Lynch is the financial adviser and Ropes & Gray LLP as the legal adviser to Vertafore and TPG.

Vertafore is a Bothell, Wash.-based provider of software and information to the insurance distribution channel.

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