Case Study

CoreLogic

New Commitment

The company

Region: USA
Sector: Financials
Stage: Large/mega buyout
Type: Co-investment
Highlights:

                                £3.3m
commitment

Private Equity Manager (GP)

Case study

About the company

CoreLogic is a provider of information and outsourced services primarily to the mortgage, real estate, and insurance sectors. CoreLogic’s services can be divided into two key segments– underwriting services (representing 66% of revenues), and property intelligence & risk management (representing 34% of revenues).

Investment Rationale

Owner of largest residential real estate data assets in the industry, with total records spanning nearly all residential land parcels in the USA.
Proven M&A platform well placed to acquire a broad range of potential targets in the mortgage, real estate and insurance sectors.
Highly diversified revenue base by concentration and end market.

Our relationship

PIP is a primary investor in seven Insight Partners (“Insight”) funds and has acquired secondary interests in several Insight funds. In addition, PIP has participated in seven co-investments alongside the manager.

Active management and value creation

Insight has built a perspective on the industry over many years, having invested in its first insurance technology deal over 20 years ago.
The private equity manager has built an impressive track record of investing in software companies with unique data assets, which it believes will help CoreLogic better utilise its robust datasets and reposition the business into higher-growth revenue segments.
A dedicated team of 40+ M&A professionals at Insight is expected to be a key source of value creation.

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The information contained on this website is communicated by Pantheon Ventures (UK) LLP, a limited liability partnership incorporated in England and Wales, authorised and regulated by the Financial Conduct Authority in the United Kingdom under laws that differ from Australian laws. The Company does not hold an Australian financial services license that authorises it to provide advice in relation to the acquisition of securities in the Company. Pantheon Ventures (UK) LLP is exempt from the requirement to hold an Australian financial services licence under the Corporations Act 2001 (“Corporations Act”) in respect of the provision of financial services to wholesale clients in Australia. Pantheon Ventures (UK) LLP relies on the Corporations (Repeal and Transitional) Instrument 2016/396, which grants transitional continuance relief to foreign financial services providers relying on Australian Securities and Investments Commission Class Order 03/1099 in order to provide financial services to wholesale clients in Australia. This website and the information contained on it is intended only for persons in Australia who are both wholesale clients under section 761G of the Corporations Act 2001 (Cth) and professional investors or sophisticated investors for the purposes of section 708 of the Corporations Act.

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