M&A Deal Summary

Fidelity National Financial Acquires LoanCare Servicing Center

On May 14, 2009, Fidelity National Financial acquired financial services company LoanCare Servicing Center from LandAmerica Financial Group for 16M USD

Acquisition Highlights
  • This is Fidelity National Financial’s 2nd transaction in the Financial Services sector.
  • This is Fidelity National Financial’s 8th largest (disclosed) transaction.
  • This is Fidelity National Financial’s 12th transaction in the United States.
  • This is Fidelity National Financial’s 1st transaction in Virginia.

M&A Deal Summary
Date 2009-05-14
Target LoanCare Servicing Center
Sector Financial Services
Buyer(s) Fidelity National Financial
Sellers(s) LandAmerica Financial Group
Deal Type Divestiture
Deal Value 16M USD

Target

LoanCare Servicing Center

Virginia Beach, Virginia, United States
website
LoanCare Servicing Center, Inc., is a provider of national loan subservicing services. LoanCare provides subservicing services on more than 100,000 loans for ninety companies in all fifty states.

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Buyer(S) 1

Buyer

Fidelity National Financial

Jacksonville, Florida, United States

website

Category Company
Founded 1847
Sector Insurance
Employees21,759
Revenue 11.4B USD (2022)
DESCRIPTION
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.
Fidelity National Financial's corporate headquarters in Jacksonville, Florida.

Fidelity National Financial is a provider of insurance escrow, and other services. Fidelity National Financial was incorporated in 1847 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 12 of 30
Sector (Financial Services) 2 of 3
Type (Divestiture) 5 of 6
State (Virginia) 1 of 1
Country (United States) 12 of 29
Year (2009) 1 of 1
Size (of disclosed) 8 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-22 United Capital Title Insurance

Los Angeles, California, United States

United Capital Title Insurance Co., is a provider of insurance services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-25 Fidelity National Capital

Jacksonville, Florida, United States

Fidelity National Capital, Inc.provides technology financing and leasing solutions for legal, financial services, real estate, Company manages a portfolio comprised of approximately $250 million in leases.

Sell -

Seller(S) 1

SELLER

LandAmerica Financial Group

Glen Allen, Virginia, United States

website

Category Company
Founded 1991
Sector Insurance
DESCRIPTION

LandAmerica Financial Group, Inc. provider of real estate transaction services with more than 800 offices and a network of more than 10,000 active agents.

DEAL STATS #
Overall 5 of 6
Sector (Financial Services) 1 of 1
Type (Divestiture) 5 of 6
State (Virginia) 1 of 1
Country (United States) 5 of 6
Year (2009) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-12-22 United Capital Title Insurance

Los Angeles, California, United States

United Capital Title Insurance Co., is a provider of insurance services.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-23 LERETA

Covina, California, United States

LERETA is a national tax service and flood hazard certification company focused on providing a full suite of national real estate tax services for residential and commercial loans, including automated online research and certification, tax bill processing, a suite of delinquent tax services, and customized tax outsourcing service programs. LERETA was formed in 1986 and is based in Covina, California.

Sell -
Mergr

Product

Company

Legal