Decision Insight Information Group (Europe) (“DIIG(E)”), the UK and Ireland’s leading property searches group, has announced that its entire share capital has been acquired by Daily Mail Group Information (“dmgi”) from Decision Insight Information Group (“DIIG”), a portfolio company of the US private equity firm TPG Capital.
DIIG(E) primarily delivers residential and commercial property search results to legal professionals, and is based in Kent with additional offices in Edinburgh, Scotland and Dublin, Ireland. DIIG(E) businesses comprise SearchFlow Limited (England & Wales, www.searchflow.co.uk), Millar & Bryce Limited (Scotland) Rochford Brady Legal Services Limited (Ireland), Decision Insight Hub Limited (also known as NLIS Hub) and Decision First Limited.
The deal does not include xit2, DIIG(E)’s property risk management business, which remains under the direct ownership of DIIG.
The acquisition is complementary to dmgi’s existing businesses in the property sphere and is consistent with dmgi’s strategy of adding products and services to enhance its overall offering.
Marshall King, CEO of DIIG(E), said: “DIIG(E) is a natural fit for dmgi and we will benefit from their long term commitment to the UK property information market. We are having a strong year achieving record customer satisfaction and will continue to offer new products and solutions from a wide range of data providers to our extensive customer base in the UK and Ireland.”
Suresh Kavan, CEO of dmgi, said: “Acquiring this group of outstanding companies will greatly increase our strategic reach at a time of great opportunity in the property information industry. We are delighted to welcome them to our portfolio of companies.”