PE acquisition of CoreLogic complete
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CoreLogic Inc. on Friday said its purchase by private equity firms Stone Point Capital LLC and Insight Venture Management LLC, which does business as Insight Partners, for $80 per share in cash has been completed.
CoreLogic will continue to be based in Irvine, California, and its management team led by president and CEO Frank Martell will remain in place, the data and analytics provider said in a statement. CoreLogic will continue to operate as a private company.
CoreLogic’s common stock has ceased trading on the New York Stock Exchange.
CoreLogic, which provides real-time property information to underwriters, purchased Oakland, California-based catastrophe modeling firm Eqecat Inc. in 2013.
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