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Financing volume in Q1 ’19 is on pace to exceed financing volume in Q1 ’18. M&A volume in Q1 ’19 is set to exceed Q1 ’18 volume due to Fiserv’s $22B acquisition of FirstData

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Sector Report: Financial Technology January 2019

Contact: Chris Gough

This month’s sector report also includes an exclusive real estate / mortgage technology case study of ATTOM Data Solutions’ sale to Lovell Minnick Partners

  • GCA acted as exclusive financial advisor to ATTOM, a leading provider of national real estate data solutions, on its sale to Lovell Minnick Partners
  • Transaction Summary
    • On January 8th, Lovell Minnick Partners announced that it had completed the acquisition of ATTOM Data Solutions (“ATTOM” or the “Company”)
    • Headquartered in Irvine, California, ATTOM is a leading provider of comprehensive data solutions to the real estate, mortgage, insurance, marketing and adjacent markets
    • Lovell Minnick Partners is a private equity firm with expertise in investing in the financial technology and services industry. Since its inception in 1999, Lovell Minnick Partners has raised $2.7 billion in committed capital and has completed investments in over 45 companies
    • GCA acted as exclusive financial advisor to ATTOM in connection with the transaction
  • Strategic Rationale
    • ATTOM is a leading, scale platform investment in the real estate data solutions market
      • Company’s proprietary data solutions include property tax, deed, mortgage, foreclosure, environmental risk, natural hazard and neighborhood data for 150+ million U.S. residential and commercial properties, covering 99% of the nation’s population
      • Company serves 225+ data customers with multiyear contracts
      • ATTOM management has generated strong organic growth and successfully pursued accretive strategic opportunities, including its acquisition of neighborhood data provider Onboard Informatics in early 2018
    • Lovell Minnick will continue to support management in executing its strategic plan to build the leading technology platform in the real estate data industry
  • Sectors: financial technology, real estate / mortgage technology, data licensing
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