Willkie represented Insight Partners in the transaction.
On February 4, it was announced that funds managed by Insight Partners and Stone Point Capital will acquire all outstanding shares of real estate data firm CoreLogic (NYSE: CLGX) for $80 per share in cash, representing an equity value of approximately $6 billion and a premium of 51% to CoreLogic’s unaffected share price on June 25, 2020. 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.
CoreLogic is a global property information, analytics and data-enabled solutions provider. Through its enhanced property data solutions, services and technologies, CoreLogic enables real estate professionals, financial institutions, insurance carriers, government agencies and other housing market participants to help millions of people find, buy, and protect their homes.
Insight Partners is a leading global venture capital and private equity firm investing in high-growth technology and software ScaleUp companies that are driving transformative change in their industries. Founded in 1995, Insight Partners has invested in more than 400 companies worldwide and has raised through a series of funds more than $30 billion in capital commitments.
Stone Point Capital is a financial services-focused private equity firm based in Greenwich, CT. The firm has raised and managed eight private equity funds – the Trident Funds – with aggregate committed capital of more than $25 billion. Stone Point targets investments in companies in the global financial services industry and related sectors.
The Willkie team was led by partners Morgan Elwyn and Nathan Sawyer and included associate Ann-Christine Stepien.