M&A Deal Summary

Fidelity National Financial Acquires Stewart Information Services

On March 19, 2018, Fidelity National Financial acquired information services company Stewart Information Services for 1.2B USD

Acquisition Highlights
  • This is Fidelity National Financial’s 2nd transaction in the Information Services sector.
  • This is Fidelity National Financial’s 4th largest (disclosed) transaction.
  • This is Fidelity National Financial’s 25th transaction in the United States.
  • This is Fidelity National Financial’s 4th transaction in Texas.

M&A Deal Summary
Date 2018-03-19
Target Stewart Information Services
Sector Information Services
Buyer(s) Fidelity National Financial
Deal Type Add-on Acquisition
Deal Value 1.2B USD
Advisor(s) Citigroup Investment Banking (Financial)
Davis Polk & Wardwell (Legal)

Target

Stewart Information Services

Houston, Texas, United States
Entrance to Stewart Information's corporate headquarters in Houston, Texas.
Entrance to Stewart Information's corporate headquarters in Houston, Texas.
Stewart Information Services Corp. is an insurance and real estate services company. Stewart offers products and services through its direct operations, a network of approved agencies and other companies within the Stewart family of companies. Stewart Information Services was formed in 1893 and is based in Houston, Texas.

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Buyer(S) 1

Buyer

Fidelity National Financial

Jacksonville, Florida, United States
Category Company
Founded 1847
Sector Insurance
Employees22,293
Revenue 11.5B USD (2023)
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 25 of 30
Sector (Information Services) 2 of 2
Type (Add-on Acquisition) 19 of 22
State (Texas) 4 of 5
Country (United States) 25 of 29
Year (2018) 1 of 1
Size (of disclosed) 4 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-02 SkySlope

Sacramento, California, United States

SkySlope, Inc. is a provider of digital transaction management and closing solutions to real estate professionals. SkySlope's cloud-based digital transaction management platform is used by over 1,500 brokerages covering 5,000 offices, powering 140,000 agents to initiate approximately 1.5 million real estate transactions.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-04-23 Dayforce

Minneapolis, Minnesota, United States

Dayforce is a global human capital management software company. Dayforce the flagship cloud HCM platform provides human resources, payroll, benefits, workforce management, and talent management functionality. Ceridian platform is used to optimize the management of the entire employee lifecycle, including attracting, engaging, paying, deploying, and developing people. Ceridian has solutions for organizations of all sizes. Dayforce was founded in 1992 and is based in Minneapolis, Minnesota.

Sell -
Mergr

Product

Company

Legal