M&A Deal Summary

Stone Point Capital, Insight Partners, Cohesive Capital Partners and Serent Capital Acquire CoreLogic

On February 4, 2021, private equity firm Stone Point Capital, venture capital firm Insight Partners, private equity firm Cohesive Capital Partners and growth capital firm Serent Capital acquired information services company CoreLogic for 6.0B USD

Acquisition Highlights
  • This is Stone Point Capital’s 1st, Insight Partners’ 2nd, Cohesive Capital Partners’ 3rd and Serent Capital’s 1st transaction in the Information Services sector.
  • This is Stone Point Capital’s 3rd, Insight Partners’ 3rd, Cohesive Capital Partners’ 2nd and Serent Capital’s largest (disclosed) transaction.
  • This is Stone Point Capital’s 84th, Insight Partners’ 62nd, Cohesive Capital Partners’ 21st and Serent Capital’s 48th transaction in the United States.
  • This is Stone Point Capital’s 12th, Insight Partners’ 17th, Cohesive Capital Partners’ 4th and Serent Capital’s 6th transaction in California.

M&A Deal Summary

Date 2021-02-04
Target CoreLogic
Sector Information Services
Buyer(s) Stone Point Capital
Insight Partners
Cohesive Capital Partners
Serent Capital
Deal Type Going Private
Deal Value 6.0B USD
Advisor(s) Evercore Group (Financial)
Skadden, Arps, Slate, Meagher & Flom (Legal)

Target

CoreLogic

Irvine, California, United States
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.

Search 205,615 Deals Now

SEARCH BY

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

Try For Free 7-Day Free Trial

Buyer(S) 4

Buyer

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 25.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $5 and $500 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


DEAL STATS #
Overall 96 of 118
Sector (Information Services) 1 of 1
Type (Going Private) 4 of 7
State (California) 12 of 15
Country (United States) 84 of 106
Year (2021) 1 of 10
Size (of disclosed) 3 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-01-29 Homepoint

Ann Arbor, Michigan, United States

Homepoint is a mortgage banking business that is focused on residential mortgage origination, servicing, and asset management. Homepoint was founded in 2014 and is based in Ann Arbor, Michigan.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-18 Allied Benefit Systems

Chicago, Illinois, United States

Allied Benefit Systems is an independent third-party administrator of group health benefits to self-insured employers. Allied provides customized benefits solutions, medical management and cost control strategies to self-insured employer groups across the U.S. The company offers a broad array of network options, pharmacy solutions and care management strategies to enable its customers to reduce costs and drive improved member satisfaction. Allied Benefit Systems was founded in 1980 and is based in Chicago, Illinois.

Buy -
Buyer

Insight Partners


Category Venture Capital Firm
Founded 1995
PE ASSETS 80.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Insight Partners is a growth capital investment firm focused on early to later stage investments principally in the software sector. Insight Partners was formed in 1995 and is based in New York, New York.


DEAL STATS #
Overall 77 of 92
Sector (Information Services) 2 of 3
Type (Going Private) 5 of 8
State (California) 17 of 19
Country (United States) 62 of 72
Year (2021) 1 of 5
Size (of disclosed) 3 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-11-30 Gainsight

San Francisco, California, United States

Gainsight provides a platform that helps companies of all sizes and industries drive durable growth through customer-led and product-led strategies. The Company offers a powerful set of customer success, product experience, and community engagement solutions that together enable businesses to scale efficiently, create alignment, and put the customer at the heart of innovation. Gainsight was formed in 2009 and is based in San Francisco, California.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-05 E2open

Austin, California, United States

E2open is a provider of cloud-based, on-demand software solutions enabling enterprises to procure, manufacture, sell, and distribute products more efficiently through collaborative planning and execution across global trading networks. E2open was founded in 2000 and is based in Austin, Texas.

Sell -
Buyer
DESCRIPTION

Cohesive Capital Partners is private equity co-investment firm. The Firm looks to invest and work alongside deal sponsors in small to mid-sized companies and will consider businesses operating in any sector. Prospective deal situations include buyouts, growth equity financings, and other opportunistic situations. Cohesive Capital Partners was formed in 2010 and is based in New York City.


DEAL STATS #
Overall 22 of 32
Sector (Information Services) 3 of 3
Type (Going Private) 1 of 1
State (California) 4 of 5
Country (United States) 21 of 30
Year (2021) 1 of 7
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-09 Ingram Micro

Irvine, California, United States

Ingram Micro is a wholesale technology distributor and a global provider of IT supply-chain, mobile device lifecycle services, and logistics solutions. Ingram Micro distributes and markets a large variety of technology and mobility products from companies such as Acer, Apple, Cisco, Citrix, Hewlett-Packard, IBM, Lenovo, Microsoft, Samsung, Symantec, VMware, and others. Ingram Micro was founded in 1979 and is based in Irvine, California.

Buy $7.2B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-03-10 MissionWired

Washington, District of Columbia, United States

MissionWired provides a full suite of integrated marketing solutions that connect clients with donors to improve digital fundraising results. MissionWired was founded in 2007 and is headquartered in Washington DC.

Buy -
Buyer

Serent Capital

San Francisco, California, United States


Category Growth Capital Firm
Founded 2008
PE ASSETS 5.0B USD
Size Large
Type Sector Agnostic
DESCRIPTION

Serent Capital is a private equity firm focused on investing in profitable, growing businesses featuring scalable business models and operating in sectors undergoing significant change. Serent looks for companies with $5 to $100 million in growing annual sales where it can commit $20 to $200 million of capital. Target transaction situations include buyouts, recapitalizations, and growth financings. Serent Capital was formed in 2008 and is based in San Francisco, California.


DEAL STATS #
Overall 51 of 74
Sector (Information Services) 1 of 1
Type (Going Private) 1 of 1
State (California) 6 of 12
Country (United States) 48 of 71
Year (2021) 4 of 14
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 People2.0

King of Prussia, Pennsylvania, United States

People2.0 is a tech-enabled workforce deployment platform that provides employer of record/agent of record services and associated back-office support to staffing & recruiting firms, managed service providers, online recruitment platforms, recruitment process outsourcing, compliance service companies, and other talent acquisition service providers. People2.0 was founded in 2001 and is based in King of Prussia, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-24 CoConstruct

Charlottesville, Virginia, United States

CoConstruct is a provider of cloud-based project management tools help independent builders and remodelers coordinate their projects, communicate better with clients & crews, and control the financials of their jobs. CoConstruct was founded in 2005 and is based in Charlottesville, Virginia.

Sell -