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New Deal


Announced

Completed

Lovell Minnick completed the acquisition of a majority stake in UniversalCIS.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private Equity

Completed

IT Services: Other

Acquisition

Single Bidder

Friendly

technology provider

Majority

United States

Private

Synopsis

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Lovell Minnick, a private equity firm focused on investments in the global financial services industry, completed the acquisition of a majority stake in UniversalCIS, a technology-enabled provider of credit data and related origination solutions. Financial terms were not disclosed. “The UniversalCIS team has built an incredible company that plays a critical role in the mortgage origination process and provides best-in-class technology and customer service in a seamless, centralized manner. We believe the Company has tremendous growth potential and is well-positioned to benefit from tailwinds driving increased technology adoption and M&A activity in the mortgage market," Jason Barg, Lovell Minnick Partner.

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