JMI Equity Sells Vertafore

La Jolla-based private equity firm JMI Equity has sold portfolio firm Vertafore to another private equity firm, TPG Capital, in a deal worth $1.4 billion. According to Vertafore, TPG Capital is acquiring the company from Hellman & Friedman and co-investor JMI Equity. JMI's investment in Vertafore was overseen by Paul Barber.