About This Deal

Intercontinental Exchange acquired Simplifile, LC for US$335 million (cash), a transaction announced in May 2019.

Acquired the network connecting lenders, settlement agents and county recording offices for electronic mortgage recording, expanding the ICE Mortgage Services portfolio alongside MERS. Announced May 1, 2019 and completed in 2019.

Acquired the network connecting lenders, settlement agents and county recording offices for electronic mortgage recording, expanding the ICE Mortgage Services portfolio alongside MERS. Announced May 1, 2019 and completed in 2019.

Deal Terms

Acquirer
Intercontinental Exchange
Target
Simplifile, LC
Value
US$335 million (cash)
Date
May 2019
Type
Full acquisition
Status
Completed

Transaction Details

Announced
May 1, 2019

In Their Words

ICE will pay $335 million to acquire Simplifile, which is based in Provo, Utah and has no debt.

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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