Thursday, December 23, 2010
CoreLogic Sells Unit to Private Equity Firm
Santa Ana-based CoreLogic, a provider of consumer, financial and property information, analytics and services to the real estate, mortgage, and other markets, said this morning that it has soled its Employer Services and Litigation Support business to private equity firm Symphony Technology Group (STG). The deal was worth $265M in cash. CoreLogic said those groups will operate under the brand name First Advantage. CoreLogic said it would retain the remainder of First Advantage Corporation, which it acquired in November of 2009. CoreLogic was advised by Macquarie Capital in the sale.