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New Deal


Announced

Lovell Minnick-backed UniversalCIS to acquire lending solutions divisions from Data Facts.

Financials

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

Tags

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Friendly

Private Equity

Majority

Pending

United States

Acquisition

Domestic

Single Bidder

Private

Consumer Services: Other

consumer reporting

Synopsis

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Lovell Minnick-backed UniversalCIS, a technology-enabled provider of credit data and related origination solutions in the mortgage industry, agreed to acquire the lending solutions divisions from Data Facts, a national and international consumer reporting company. Financial terms were not disclosed. “Data Facts is a well-known, longstanding player in the market, and we are excited to leverage the Company’s expertise as we continue to enhance our technology offerings and bring value to current and future clients,” Perry Steiner, UniversalCIS Chairman.

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