CoreLogic shareholders approve acquisition by Stone Point & Insight - Reinsurance News
Summary
Property information and analytics provider CoreLogic has announced the confirmation of its acquisition by private equity firms Stone Point Capital and Insight Partners for $80 per share in cash. Shareholders voted to approve the acquisition this week in a move that will hopefully close the book on what has been a turbulent year for CoreLogic. With their overwhelming support, we expect to be able to close the transaction during the second quarter,” said CoreLogic Chairman Paul Folino. CoreLogic’s data and software platforms help power the housing and insurance industries, both of which are undergoing a digital transformation. We believe our financial services domain expertise and partnership can accelerate CoreLogic’s momentum as it delivers new innovative solutions to its customers.” Deven Parekh, Managing Director at Insight Partners, added: “CoreLogic is a market leader with a long history of serving customers with powerful data technology and a future vision to innovate across the real estate ecosystem.
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