Simpson Thacher represented GTCR in connection with its significant investment in Clear Capital, a national real estate analytics, data solutions and valuation technology company. The transaction represents Clear Capital’s first outside investment, with GTCR becoming Clear Capital’s majority shareholder.
Clear Capital is the industry’s leading provider of alternative valuations and technology-powered appraisals, leveraging its advanced technology platform, innovative products and deep customer relationships to differentiate itself in the marketplace. Clear Capital’s product suite supports over five million real estate and housing finance transactions annually, and its digital floor plan offering, CubiCasa, is used in approximately 30% of all new real estate listings nationwide.
GTCR is focused on investing in transformative growth in companies in the business & consumer services, financial services & technology, healthcare and technology, media & telecommunications sectors. Since its inception, GTCR has invested more than $30 billion in over 290 companies, and the firm currently manages approximately $50 billion in equity capital.
The Simpson Thacher team included Katherine Krause, Elizabeth Cooper, Matthew Fisher, Julia Tory, Ellen Gao and Maggie Wang (M&A); Russell Light, Matt Lester and Benjamin Bressler (Tax); Adam Moss, Brian Gluck, Anita Wu, Cindy Cai and Andrew Kim (Credit); Gregory Grogan, Linda Barrett and Daniella Villatoro (Executive Compensation and Employee Benefits); Lori Lesser, Dewey Kang and Chandler Gerard-Reimer (Intellectual Property); Steven DeLott (Insurance); Peter Guryan and Daniel Owsley (Antitrust); and Krista McManus (Real Estate).