CoreLogic?, a fundamental overall property information, analytics and data-engaged solutions provider, today proclaimed the climax of its acquisition by funds regulated by Stone Point Capital and Insight Partners for $80 per share in cash. CoreLogic’s common stock has quit trading on the New York Stock Exchange.
CoreLogic Becomes A Part Of Stone Point Capital and Insight Partners
CoreLogic will continue being gotten comfortable Irvine, California, and the Company’s management team drove by President and CEO Frank Martell will remain set up and continue operating CoreLogic as a private association. Frank Martell said, “Today indicates a huge accomplishment in CoreLogic’s history as we move to get the various possibilities before us to accelerate our turn of events and transformation as a privately held firm. The entire team is invigorated and expecting working personally with Stone Point and Insight Partners to expand on our record financial and operating performance and pass on solutions that help an enormous number of people find, buy, and protect their homes each year.”
Chuck Davis, CEO of Stone Point Capital, said, “Stone Point is eager to work with the CoreLogic organization team to help the Company’s next time of improvement. CoreLogic is an essential vendor and data provider across industry regions in which Stone Point has specific over the span of ongoing years, including contract, private real estate and P&C protection. We acknowledge our financial organizations domain expertise and our partnership with the management team can accelerate CoreLogic’s energy as it passes on new inventive solutions to its customers.” Deven Parekh, Managing Director at Insight Partners, said, “We are anxious to partner with the talented team at CoreLogic as the association continues creating across the real estate ecosystem. Information Partners has a strong track record of partnering with market-changing associations like CoreLogic, and we expect dynamic relationship in this next segment in its evolution.”
Evercore went probably as financial advisor to CoreLogic and Skadden, Arps, Slate, Meagher and Flom LLP went probably as the Company’s legal advisor. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC went probably as financial advisors to Stone Point Capital and Insight Partners. Kirkland and Ellis went probably as legal advisor to Stone Point Capital and Willkie Farr and Gallagher went probably as legal advisor to Insight Partners.
