M&A Deal Summary

CoreLogic Acquires RELS

On January 5, 2016, CoreLogic acquired business services company RELS from Wells Fargo

Acquisition Highlights
  • This is CoreLogic’s 3rd transaction in the Business Services sector.

M&A Deal Summary

Date 2016-01-05
Target RELS
Sector Business Services
Buyer(s) CoreLogic
Sellers(s) Wells Fargo
Deal Type Divestiture

Target

RELS

RELS LLC is a provider of real estate asset valuation and appraisal solutions.

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Buyer(S) 1

Buyer

CoreLogic

Irvine, California, United States

Category Company
Founded 1894
Sector Information Services
Employees5,100
Revenue 1.8B USD (2019)
DESCRIPTION
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.

CoreLogic is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. CoreLogic was founded in 1894 and is based in Irvine, California.


DEAL STATS #
Overall 9 of 22
Sector (Business Services) 3 of 4
Type (Divestiture) 3 of 3
Country () 1 of 1
Year (2016) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-17 FNC

Oxford, Mississippi, United States

FNC, Inc. is a provider of real estate collateral information technology and solutions that automate property appraisal ordering, tracking, documentation and review for lender compliance with government regulations.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-06-06 Mercury Network

Oklahoma City, Oklahoma, United States

Mercury Network LLC is a software platform used by more than 700 lenders and AMCs to manage their collateral valuation workflow. The company’s solutions include Mercury Network for appraisal vendor management, Enterprise Vendor Framework (EVF) for lender management of AMCs, and AQM for quality assurance and quality control compliance among several other solutions for its customers.

Buy -

Seller(S) 1

SELLER

Wells Fargo

San Francisco, California, United States

Category Company
Founded 1852
Sector Financial Services
Employees222,544
Revenue 82.3B USD (2024)
DESCRIPTION
Wells Fargo's corporate headquarters in downtown San Francisco, California.
Wells Fargo's corporate headquarters in downtown San Francisco, California.

Wells Fargo is a diversified financial services company that provides retail, commercial and corporate banking services through banking stores and offices, the internet and other distribution channels to individuals, businesses and institutions in all 50 US states, the District of Columbia and in other countries. The company provides other financial services through subsidiaries engaged in various businesses, principally: wholesale banking, mortgage banking, consumer finance, equipment leasing, agricultural finance, commercial finance, securities brokerage and investment banking, insurance agency and brokerage services, computer and data processing services, trust services, investment advisory services, mortgage-backed securities servicing and venture capital investment. Wells Fargo was formed in 1852 and is based in San Francisco, California.


DEAL STATS #
Overall 7 of 15
Sector (Business Services) 2 of 4
Type (Divestiture) 6 of 14
Country () 1 of 1
Year (2016) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-18 Rural Community Insurance Services

Anoka, Minnesota, United States

Rural Community Insurance Services is a provider of agricultural insurance.

Sell $1.1B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-09-14 Wells Fargo Global Fund Services

New York, New York, United States

Wells Fargo Global Fund Services LLC is a provider of comprehensive administration, middle-office, operations and cash/collateral management services to alternative investment managers.

Sell -