Mitchell International sets Thursday launch for LBO financing credit facility

By Sara Rosenberg

New York, Feb. 23 - Mitchell International Inc. has scheduled a bank meeting for Thursday to launch its proposed credit facility that will be used to help back its leveraged buyout by an investment group led by Aurora Capital Group, according to a market source.

Previously, the deal was labeled as early March business, with no specific launch date available.

Goldman Sachs is the lead bank on the deal.

The investment group, which includes General Electric Pension Trust, is buying the company from Hellman & Friedman LLC.

The LBO is expected to close in March.

Mitchell is a San Diego-based provider of information, workflow and performance management solutions to the automotive insurance claims and collision repair industries.

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