Real Matters Inc.

The placement agent in a $100 million private placement by Real Matters Inc.

Client

BMO Nesbitt Burns Inc.

Value

$100 million

Service

Capital Markets

Date Closed

April 2016

Lead Office

Toronto

 

On April 1, 2016, Real Matters Inc., a leading real estate technology platform, completed a $100 million private placement of common shares. The financing was completed at a valuation of $653 million, and proceeds will be used to bring the company’s proprietary software and field agent management expertise to the US$10 billion market for mortgage title and closing services.

Real Matters, one of North America’s fastest-growing and most innovative technology companies, has a proprietary, cloud-based real estate technology platform and network of more than 100,000 qualified independent field agents. The company optimizes the management of critical, regulated real-estate processes such as appraisals, insurance inspections, title search and mortgage closings.

Osler, Hoskin & Harcourt LLP advised the placement agent on the private placement with a team that included Chad Bayne, Adam Gutkin, Justin Dharamdial (corporate/securities) and Dov Begun (tax).