CoreLogic, Inc., a property information, analytics and data-enabled services provider, acquired Marshall & Swift/Boeckh, DataQuick Information Systems, and the credit and flood services operations of DataQuick Lender Solutions from the Decision Insight Information Group for US$661 million.
Marshall & Swift/Boeckh is a provider of residential and commercial property valuation solutions to the property and casualty insurance industry, and DataQuick Information Systems is a property data and analytics information company.
As part of the transaction, Decision Insight Information Group, including its parent company, Property Data Holdings, Ltd., sold all of its indirect ownership interest in 61,404,748 common shares of Symbility Solutions Inc., representing 29.46 per cent of the issued and outstanding common shares of Symbility Solutions, to a subsidiary of CoreLogic, Inc. Symbility Solutions Inc. is a provider of cloud-based and smartphone/tablet-enabled claims technology for the property and health insurance industries.
Stikeman Elliott LLP acted for Decision Insight Information Group in Canada with a team including John Leopold, Robert Carelli and Maxime Charbonneau (M&A/ securities); Marie-Andrée Beaudry and Josée Massicotte (tax) and Jeff Brown (regulatory). Working with Stikemans was a legal team from Ropes & Gray LLP that included Amanda Morrison, Sarah Schaffer Raux, Christine Langowski, Alexander Boer and Maegan Deare (M&A/corporate); Christopher Leich, Jean-Michel Noel and Daniel Levin (tax) and Hugh Hollman (antitrust).
CoreLogic, Inc. was advised in Canada by McMillan LLP with a team including Gary Floyd and Mark Neighbor (M&A/ securities); and by O'Melveny & Myers LLP with a team including Mark Peterson, Nikole Kingston and Christina Whittaker (M&A/corporate); Chris Del Rosso (employee benefits), and David Beddow and Courtney Dyer (antitrust).