Houlihan Lokey Advises Cloudvirga

Houlihan Lokey is pleased to announce that Cloudvirga, Inc., has been acquired by Stewart Information Services Corp. (NYSE:STC). The transaction was announced on May 25, 2021.

Cloudvirga is a leading fintech company offering a SaaS-based customer engagement and digital origination platform that powers mortgage lenders, originators, and brokers while also automating back-office tasks. Cloudvirga was founded by industry experts in 2016 and backed by leading private equity firms and strategics, including Riverwood Capital, Finance of America (NYSE:FOA), and Upfront Ventures.

Stewart is a global real estate services company, offering products and services through its direct operations, network of Stewart Trusted Providers™, and family of companies. Stewart’s comprehensive offering includes residential and commercial title insurance, closing and settlement services, and other specialized offerings for the mortgage industry.

Cloudvirga’s platform will accelerate Stewart’s digital offerings in all markets, complement its existing capabilities, and enhance its ability to provide customers with end-to-end mortgage services and solutions.

Houlihan Lokey served as the exclusive financial advisor to Cloudvirga and assisted in initiating, marketing, structuring, and negotiating the transaction on its behalf.

The transaction highlights Houlihan Lokey’s leading advisory practice in both the fintech and mortgage sectors and expanding capability as a leading advisor to mortgage and real estate technology businesses. Other recent Houlihan Lokey transactions include Mr. Cooper’s sale of Title365 to Blend, Informa and Inflexion’s acquisition of Novantas, Protection America’s investment in Matic, and PropTech Acquisition Corp.’s SPAC merger with Porch.

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