Funds managed by Stone Point Capital LLC and Insight Venture Management, LLC entered into a definitive agreement to acquire CoreLogic, Inc. (NYSE:CLGX) for $6 billion on February 4, 2021. Under the agreement Stone Point Capital and Insight Partners will acquire all outstanding shares of CoreLogic for $80 per share in cash, representing an equity value of approximately $6.0 billion. The transaction will be financed through a combination of committed equity financing provided by funds managed by Stone Point Capital and Insight Partners, as well as committed debt financing provided by J.P. Morgan Securities LLC. JPMorgan agreed to provide a debt financing in an aggregate principal amount of up to $5.5 billion. Upon completion of the acquisition, CoreLogic will become a private company. CoreLogic may terminate the Merger Agreement and receive a reverse termination fee from buyer of $330 million and buyers may terminate the Merger Agreement and receive a termination fee from the CoreLogic of $165 million.

The transaction is subject to shareholder approval, regulatory approvals, the expiration or termination of the applicable waiting period under the Hart- Scott- Rodino Antitrust Improvements Act of 1976, and the expiration of applicable waiting periods or clearance of the Merger, as applicable, under the antitrust and foreign investment laws of certain other jurisdictions and other customary closing conditions. Completion of the Merger is not subject to a financing condition. The CoreLogic's Board of Directors unanimously approved the definitive merger agreement. As of April 28, 2021, shareholders of CoreLogic approved the transaction. The transaction is expected to close in the second quarter of 2021. Evercore Group L.L.C served as financial advisor and provided fairness opinion and Stephen Arcano, Neil Stronski and Thad Hartmann of Skadden, Arps, Slate, Meagher & Flom LLP acted as legal advisors to CoreLogic, Inc. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as financial advisors to Stone Point Capital and Insight Partners.  David Feirstein, Ravi Agarwal, Carlo Zenkner, Daniel Wolf, Eric Wedel and Ryan Rafferty of Kirkland & Ellis served as legal advisors to Stone Point Capital, and Morgan Elwyn and Nathan Sawyer of Willkie Farr & Gallagher LLP served as legal advisors to Insight Partners. Eduardo Gallardo of Gibson, Dunn & Crutcher LLP acted as legal advisor to Evercore Group L.L.C. EQ Shareowner Services acted as transfer agent to CoreLogic while Innisfree M&A acted as information agent to CoreLogic in the transaction.

Funds managed by Stone Point Capital LLC and Insight Venture Management, LLC completed the acquisition CoreLogic, Inc. (NYSE:CLGX) on June 4, 2021. CoreLogic will continue to be headquartered in Irvine, California, and the CoreLogic's management team led by President and Chief Executive Officer Frank Martell will remain in place and continue to operate CoreLogic as a private company. The total consideration will be partially funded by equity financing of $3.4 billion.