M&A Deal Summary

Enlyte Acquires Mitchell

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

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
CPP Investments
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 2
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 2
State: California M&A 1 of 1
Country: United States M&A 1 of 2
Year: 2021 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-12-18 PartsTrader

Chicago, Illinois, United States

PartsTrader is a U.S. software company that operates an online marketplace and procurement platform for automotive replacement parts, connecting insurance carriers, collision repair facilities, and parts suppliers. The Company’s platform enables real-time parts sourcing, price comparison, and workflow automation to support the claims and repair process, helping participants manage procurement, availability, and fulfillment across OEM, aftermarket, and recycled parts channels. PartsTrader is based in Chicago, Illinois.

Buy -

Seller(S) 2

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B 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 $75 and $750 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 52 of 59
Sector: Software M&A 3 of 3
Type: Add-on Acquisition M&A Deals 26 of 30
State: California M&A 8 of 8
Country: United States M&A 46 of 53
Year: 2021 M&A 5 of 6
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 -
SELLER
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 19 of 36
Sector: Software M&A 1 of 2
Type: Add-on Acquisition M&A Deals 7 of 12
State: California M&A 2 of 5
Country: United States M&A 12 of 21
Year: 2021 M&A 9 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-09-29 Ports America

Morristown, New Jersey, United States

Ports America is a marine terminal operator in North America with operations in 70 locations and 33 ports across the United States. The company provides technology-driven solutions and covers a wide range of supply chain services including container, RoRo, breakbulk, military, and cruise ship operations. Ports America is based in Morristown, New Jersey.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-26 Informatica

Redwood City, California, United States

Informatica is an IT company that helps organizations access, integrate and trust all their information assets. Informatica was founded in 1993 and is based in Redwood City, California.

Sell -