M&A · Financials · Title Insurance
RE Closing Buyer Corp. to acquire Doma Holdings, Inc.
Announced Mar 28, 2024 · Closed Sep 27, 2024
Deal value$85M
Premium43.0%To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash$6.29 per share
Transaction
- Acquirer
- RE Closing Buyer Corp.
- Target
- Doma Holdings, Inc. (DOMA)
- Buyer type
- Strategic
- Offer price per share
- $6.29
- Enterprise value
- —
- Status
- Closed Sep 27, 2024
Deal protections
- Break fee (target pays)
- $3.2M · 3.8%
- Reverse fee (buyer pays)
- —
- Go-shop
- 50-day go-shop
- Financing
- No financing condition
Advisors
- To the acquirer
- Not disclosed
- To the target
- Houlihan Lokey
Sector context · Financials
- Comparable deals
- 54 in the prior 24 months
- Premium
- 43.0% vs. 34.0% sector median
- EV / Adj. EBITDA
- Sector median 16.9x
- Break fee
- 3.8% vs. 3.0% sector median
Timeline
- AnnouncedMar 28, 2024
- Proxy filedMay 21, 2024
- Definitive proxyJul 18, 2024
- Shareholder voteAug 27, 2024
- ClosedSep 27, 2024
Valuation · fairness opinions
Discounted cash flow$3.84$5.61
Trading comparables$3.27$4.79
Offer $6.29
Implied value per Doma Holdings, Inc. share by analysis, from Houlihan Lokey · DCF discount rate 16%–17%.