We are advising Doma on the transaction

Davis Polk is advising Doma Holdings, Inc. in connection with Doma’s take-private acquisition by Title Resources Group (TRG). Under the terms of the transaction, TRG will acquire all outstanding shares of Doma common stock for $6.29 per share in cash. The transaction is expected to close in the second half of 2024 and is subject to certain closing conditions.

In connection with the take-private acquisition, Doma also entered into amendments to its existing term loan credit facility with Hudson Structured Capital Management Ltd. as agent and obtained new delayed draw term loan commitments from an affiliate of TRG as lender.

Doma is a real estate technology company that is disrupting a century-old industry by building an instant and frictionless home closing experience for buyers and sellers.

TRG is one of the nation’s largest title insurance underwriters, according to the American Land Title Association’s 2023 market share data. TRG serves title insurance agents in 38 states and the District of Columbia.

The Davis Polk corporate team includes partner Alan Denenberg, counsel Jason Bassetti and associates Joseph G. Marano, Julia Molo, Sarah Chouinard, Dove Barbanel and Rebecca Lei. The Davis Polk sponsor finance team includes partner Hilary Dengel, counsel Welton E. Blount and associate Bailey Miller. Members of the Davis Polk team are based in the Northern California and New York offices.