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New Deal


Announced

Completed

First American completed the acquisition of Docutech from Serent Capital for $350m.

Financials

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Transaction Value£269m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Completed

United States

mortgage documents

custom mortgage documents

Private

Software

Acquisition

Majority

Single Bidder

document creation

Friendly

Disposal

Domestic

Private Equity

Synopsis

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First American Financial, a provider of title insurance, settlement services and risk solutions for real estate transactions, completed the acquisition of Docutech, a provider of document, eClose and fulfillment technology for the mortgage industry, from Serent Capital for $350m. “The acquisition of Docutech reflects our steadfast commitment to invest in and grow our core business. We’re excited to soon welcome to First American the people of Docutech, a highly respected leader in the document technology solutions industry. Together, we will accelerate the evolution of real estate closings,” Dennis J. Gilmore, First American Financial CEO.

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