Providence Equity Partners acquires property data firm Hometrack
The deal creates a property data, valuation and risk analytics business serving mortgage lenders across the UK and Netherlands.
Providence Equity Partners made a platform investment in Hometrack, a provider of digital property-level valuation and collateral risk tools for mortgage lenders. The company operates in the UK and Netherlands, supplying digital valuation and property risk data to lenders originating and monitoring residential mortgage loans.
Its products support property-level risk analysis and collateral assessment for residential mortgage lenders in both markets. The acquisition gives Providence an asset focused on mortgage loan collateral valuation and risk in the UK and Netherlands.
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