Private equity firm Aurora Capital Group has completed the previously announced sale of Mitchell International to KKR.
Aurora acquired Mitchell in March 2007 along with co-investors Norwest Equity Partners and GE Pension. Financial terms of the transaction have not been disclosed.
Josh Klinefelter, head of Aurora's Software & Information Services practice, says: "Aurora's strategy of identifying outstanding companies and partnering with strong management teams to accelerate growth and profitability is exemplified by the success of Mitchell International. Mitchell's management team, led by CEO Alex Sun, has done a fantastic job of enhancing the company's strategic position, and we wish them and KKR the very best in the future. We will continue to identify opportunities in the middle market that leverage our team's unique ability to help a company reach its potential and create value for all of our stakeholders."
