Davis Polk advised States Title, Inc. in connection with its acquisition of the title insurance underwriting and retail agency business of Lennar Corporation. Financial terms of the transaction were not disclosed.
States Title builds a predictive analytics platform for the title insurance space that helps make home ownership simpler, safer and more accessible. Lennar Corporation, founded in 1954, is one of the nation’s leading builders of quality homes for all generations.
The Davis Polk corporate team included partners John D. Amorosi and Stephen Salmon and associates Jeffrey C. Lau, Xin (Anita) Guo and Katherine Schloss Ackerman. Counsel Hilary Dengel and associates Welton E. Blount and Louis Labriola provided credit advice. Partner Rachel D. Kleinberg provided tax advice. Partner Pritesh P. Shah provided intellectual property and technology advice. Members of the Davis Polk team are based in the New York and Northern California offices.
McDermott Will & Emery LLP advised Lennar Corporation with respect to the transaction.