April 26, 2018—Stone Point Capital is buying KKR and Elliott Management’s position in Mitchell, the company announced.

While terms of the sale were not disclosed, the Wall Street Journal reported earlier this year that Mitchell was exploring a sale between $2.5 billion and $3 billion. 

“We are proud of the partnership we had with Mitchell’s leadership team and the growth we have been a part of since our initial investment in 2013. Together, we expanded Mitchell’s market focus through organic investment in, and acquisition capital for, cloud estimatics, parts, diagnostics, specialty bill review, utilization review, pharmacy and other areas of focus for our key customers” said Herald Chen, head of KKR’s technology, media & telecom investment team.

Stone Point Capital LLC is a financial services-focused private equity firm based in Greenwich, Conn. The firm has raised and managed seven private equity funds—the Trident Funds—with aggregate committed capital of approximately $19 billion.