M&A Deal Summary

First American Acquires Cotality

On February 5, 2007, First American acquired information services company Cotality from TA Associates

Acquisition Highlights
  • This is First American’s 1st transaction in the Information Services sector.
  • This is First American’s 3rd transaction in the United States.
  • This is First American’s 1st transaction in California.
Investment Fate
  • Cotality was sold to a strategic buyer in 2010.
  • Cotality was sold to a consortium of financial buyers in 2021 for 6.0B USD.

M&A Deal Summary

Date 2007-02-05
Target Cotality
Sector Information Services
Buyer(s) First American
Sellers(s) TA Associates
Deal Type Merger

Target

Cotality

Irvine, California, United States
CoreLogic's corporate headquarters in Irvine, California.
CoreLogic's corporate headquarters in Irvine, California.
Cotality is a provider of property, mortgage and consumer information, analytics, technology and services to businesses. Cotality was founded in 1894 and is based in Irvine, California.

Search 215,074 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

First American

Santa Ana, California, United States

Category Company
Founded 1889
Sector Financial Services
Employees19,038
Revenue 6.1B USD (2024)
DESCRIPTION
Entrance to First American Financial's corporate headquarters in Santa Ana, California.
Entrance to First American Financial's corporate headquarters in Santa Ana, California.

First American is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The specialty insurance segment issues property and casualty insurance policies and sells home warranty products. First American was incorporated in 1889 and is based in Santa Ana, California.


DEAL STATS #
Overall 3 of 14
Sector: Information Services M&A 1 of 1
Type: Merger M&A Deals 1 of 1
State: California M&A 1 of 4
Country: United States M&A 3 of 14
Year: 2007 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-05-25 Credit Information Group

California, United States

The Credit Information Group provides a variety of credit services and solutions.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-06-01 Cotality

Irvine, California, United States

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

Sell -

Seller(S) 1

SELLER

TA Associates

Boston, Massachusetts, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1968
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

TA Associates is a private equity firm that targets investments in middle-market and large companies around the world. TA will consider control or minority investments in profitable companies and looks to commit between $70 and $500 million per transaction. TA proactively reaches out to companies directly in sourcing potential investment opportunities. Prospective businesses are generally valued between $100 million and $3 billion. Areas of interest include technology, software, communications, financial services, healthcare, business services, semiconductors/electronics, and consumer products/services. In addition to investing equity capital, TA also makes subordinated debt investments. TA's geographic preference is North America, Asia/Pacific, and Europe. TA Associates was formed in 1968 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 111 of 261
Sector: Information Services M&A 1 of 3
Type: Merger M&A Deals 4 of 7
State: California M&A 21 of 30
Country: United States M&A 107 of 208
Year: 2007 M&A 1 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-01 IPG Photonics

Marlborough, Massachusetts, United States

IPG Photonics is a developer and manufacturer of diode-pumped high-performance fiber lasers and amplifiers that enable a growing number of applications, including materials processing, medical, aerospace, medical and others. IPG's products are cost-effective and superior in performance, reliability and energy efficiency because of IPG's proprietary technology platform, materials science expertise and vertically integrated manufacturing operations. IPG Photonics was founded in 1990 and is based in Marlborough, Massachusetts.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-02-28 Drive Assist UK

Tamworth, United Kingdom

Drive Assist UK Ltd. is a provider of replacement vehicles across the United Kingdom. The company works alongside the insurance industry to provide short-term replacement vehicles to non-fault parties involved in accidents while their vehicles are repaired. Drive Assist also focuses on longer-term corporate rentals and warranty replacements.

Sell £250M