By Greg Roumeliotis and Nadia Damouni
NEW YORK (Reuters) - KKR & Co LP
Advent International Corp and Blackstone Group LP
Owned by buyout firm Aurora Capital Group, Mitchell has annual earnings before interest, tax, depreciation and amortization (EBITDA) of about $90 million, the sources said.
Aurora, Warburg Pincus, Advent International and Blackstone declined to comment. Mitchell and KKR did not respond to a request for comment.
Founded in 1946, San Diego, California-based Mitchell provides information and software services to insurance companies and collision repair facilities, which rely on the company's information to estimate labor times and the cost of replacement parts.
Joined by investors that included General Electric Pension Trust
The North American market for software and services designed to automate the auto insurance claims process is dominated by a few players - Mitchell, CCC Information Services Inc, and Solera Holdings Inc
In January, Leonard Green & Partners LP, another buyout firm, acquired CCC from Investcorp
Aurora has hired Goldman Sachs Group Inc
(Reporting by Greg Roumeliotis and Nadia Damouni in New York; Editing by Leslie Gevirtz)