M&A Deal Summary

Enlyte Acquires Mitchell

On October 12, 2021, Enlyte acquired software company Mitchell from Stone Point Capital

Acquisition Highlights
  • This is Enlyte’s 1st transaction in the Software sector.
  • This is Enlyte’s 1st transaction in the United States.
  • This is Enlyte’s 1st transaction in California.

M&A Deal Summary

Date 2021-10-12
Target Mitchell
Sector Software
Buyer(s) Enlyte
Sellers(s) Stone Point Capital
Deal Type Add-on Acquisition

Target

Mitchell

San Diego, California, United States
Mitchell is a provider of information, workflow, and performance management solutions to the automotive insurance claims and collision repair industries. Mitchell was founded in 1946 and is based in San Diego, California.

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Buyer(S) 1

Buyer

Enlyte

San Diego, California, United States

Category Company
Sector Software
DESCRIPTION

Enlyte is a provider of claims software, cost containment and technology-enabled solutions to the workers’ compensation, auto and disability insurance industries. Enlyte delivers a comprehensive suite of solutions to their established client base of over 650 P&C carriers, TPAs and other claims payers. Enlyte is based in San Diego, California.


DEAL STATS #
Overall 1 of 1
Sector (Software) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2021) 1 of 1

Seller(S) 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 45 of 51
Sector (Software) 3 of 3
Type (Add-on Acquisition) 23 of 27
State (California) 8 of 8
Country (United States) 40 of 46
Year (2021) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-12 Enlyte

San Diego, California, United States

Enlyte is a provider of claims software, cost containment and technology-enabled solutions to the workers’ compensation, auto and disability insurance industries. Enlyte delivers a comprehensive suite of solutions to their established client base of over 650 P&C carriers, TPAs and other claims payers. Enlyte is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-07 JND Legal Administration

Seattle, Washington, United States

JND Legal Administration is a management and administration company delivering service lines in a class action, bankruptcy, eDiscovery, government services, and mass tort. JND’s team of industry veterans is passionate about providing outstanding service to clients. Armed with decades of expertise and a powerful set of tools, JND has deep experience expertly navigating the intricacies of class action settlements, corporate restructuring, eDiscovery, mass tort claims, and government services. JND Legal was founded in 2016 and is based in Seattle, Washington.

Sell -