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Thomas H. Lee Partners Acquires Stake in Insurance Technologies

Thomas H. Lee Partners, a private equity firm investing in growth companies, acquired a majority stake in Insurance Technologies, a Colorado Springs, CO-based provider of sales and regulatory automation solutions for the insurance and financial services industries.

 NexPhase Capital, LP, an operationally-focused private equity firm and sub-advisor to the Moelis Capital Partners Opportunity Funds, was the seller in the transaction, whose amount was not disclosed.

The deal is subject to the completion of customary closing conditions and any regulatory approvals.

Read the source article at Home | FinSMEs

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