DLA Piper advises DT Holdings Corporation in the US$350 million sale of Docutech to First American
DLA Piper is pleased to announce that the firm represented DT Holdings Corporation, an entity controlled by the founder of Docutech, a leading provider of document, eClose and fulfillment technology for the mortgage industry, in Docutech’s US$350 million sale to First American, a global provider of title insurance, settlement services and risk solutions for real estate transactions.
Founded in 1991, Docutech is a respected industry leader that leverages technology to help financial institutions quickly and accurately provide regulatory-compliant loan documents for mortgage and home equity lending. The company’s innovative solutions are widely used by lenders across the US and have contributed to the industry’s evolution toward a digital real estate closing experience.
“Docutech’s digital document technology is transforming the housing industry, and we are pleased to have brought our extensive M&A experience to represent the founder of this innovative industry leader,” said DLA Piper partner Travis Leach, who led the firm’s deal team. “Handling transactions involving companies that are impacting the real estate and finance industries in complex ways requires the use of practical and creative legal solutions, which we utilized to complete this deal on behalf of DT Holdings Corporation.”
Along with Leach (Phoenix), the DLA Piper team representing DT Holdings Corporation included partners Mark Lehberg (San Diego) and Stacy Paz (Silicon Valley); and associates Chris Provera (Phoenix) and Nika Antonikova (San Diego).
With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex cross-border transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for ten consecutive years, according to Mergermarket.
DLA Piper is at the forefront of providing legal counsel and business support to emerging proptech companies, investors and developers of innovative real estate technology in areas critical to both their short-term and ongoing success. In addition, the firm advises established real estate companies in their implementation of new technologies that have the potential to disrupt the real estate sector.