Industry NewsTechnology

Real estate data businesses sold for nearly $850M

MDA sells DataQuick, other property information subsidiaries

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The parent company of San Diego, Calif.-based real estate information service DataQuick has sold the service to private investment firm TPG, the company announced Friday. TPG Capital, the global buyout arm of TPG (formerly known as Texas Pacific Group) has acquired the property information business of British Columbia-based MacDonald Dettwiler & Associates Ltd. (MDA).The acquisition includes subsidiary MDA Lending Solutions (of which DataQuick and mortgage lending technology company Mindbox are divisions) and building-cost data provider Marshall & Swift. DataQuick has been a subsidiary of MDA since April 2000.DataQuick provides research, marketing, analytics and valuation products based on property data, and its data partners include the California Association of Realtors, San Diego Association of Realtors and Santa Clara County Association of Realtors, among others. "TPG Capital's acquisition of MDA DataQuick reaffirms the strength of our business model and will h...