Thoma Bravo Nears Deal for Insurance Tech Firm Itel
Buyout firm Thoma Bravo is in advanced talks to acquire to acquire GTCR -backed Itel, an insurance technology firm focused on property and casualty claims services, according to people with knowledge of the matter.
Tech-focused Thoma Bravo is putting the finishing touches on a transaction that is expected to value Itel at about $1.3 billion including debt, the people said, asking not to be identified because the information was confidential. Barring any last-minute snags, a deal could be made public as soon as this week, they said.
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