Houlihan Lokey Advises eDriving

Houlihan Lokey is pleased to announce that eDriving, a portfolio company of CIP Capital, has been acquired by Solera. The transaction closed on 1 June 2021.

eDriving helps organizations around the world improve safety, reduce injuries, license violations, carbon emissions, and total cost of fleet ownership through its patented digital driver risk management programs. These include the Mentor by eDriving^SM smartphone app with FICO^® Safe Driving Score; the patented, five-stage Crash-Free Culture^® risk reduction program; and the Virtual Risk Manager^® platform, all designed to work in an integrated fashion within a privacy-first, data-secure environment that supports drivers and their managers every step of the way. eDriving is the digital driver risk management partner of choice for many of the world’s largest organizations, supporting over 1,200,000 drivers in 125 countries. Over the past 25 years, eDriving’s research-validated programs have been recognized with over 100 awards around the world.

CIP Capital is exclusively focused on investing in growth-oriented, middle-market companies across the business information and tech-enabled services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services. Founded in 2010, CIP Capital targets investments in sectors such as tech-enabled business services, data-driven marketing services, human capital management, and knowledge services.

Solera is the preeminent global data intelligence and technology leader serving all constituents engaged in vehicle lifecycle management. Solera’s data-driven intelligence is unmatched, with more than 1 billion transactions annually, and delivers mission-critical solutions to minimize complexity and reduce friction at all touchpoints in the vehicle lifecycle. Solera’s solutions empower smarter decision-making through software, enriched data, proprietary algorithms, and machine learning that come together to deliver insights to customers and accelerate business outcomes. Solera serves over 235,000 global customers and partners in more than 90 countries across six continents. By drawing on the market-leading solutions, Solera provides unsurpassed scale and strength with superior performance while delivering innovation to drive the industry forward.

Houlihan Lokey served as the exclusive financial advisor to CIP Capital and eDriving and assisted in initiating, marketing, structuring, and negotiating the transaction. This deal highlights Houlihan Lokey’s long-standing reputation as a leading advisor within the data and analytics and governance, risk, and compliance sectors.