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CoreLogic Will Be Taken Private for $6B
Private equity firms Stone Point Capital and Insight Partners have agreed to acquire Irvine, CA-based real estate data provider CoreLogic for $80 per share in cash. The purchase price represents an equity value of approximately $6 billion and a premium of 51% to CoreLogic’s unaffected share price on June 25, 2020.
CoreLogic chairman Paul Folino said, “The transaction is the culmination of our Board’s extensive review of strategic alternatives, which included engaging with numerous potential buyers.”
Chuck Davis, CEO of Stone Point Capital, said, “CoreLogic is a mission-critical vendor and data provider across industry sectors in which Stone Point has specialized over the past 20 years, including mortgage, residential real estate and P&C insurance.
“CoreLogic’s proprietary data assets are increasingly important to its customers, and we look forward to leveraging our network within the broader financial services industry to support the company’s next phase of growth,” he continued.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
