Funds managed by Stone Point Capital LLC and Insight Venture Management, LLC completed the acquisition CoreLogic, Inc.
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.