On February 7, 2022, Walker & Dunlop announced it has entered into a definitive agreement to acquire GeoPhy, a leading commercial real estate technology company. GeoPhy's data analytics and development capabilities will dramatically accelerate the growth of Walker & Dunlop's lending, brokerage, and emerging businesses including Apprise, its tech-enabled appraisal business and its small balance lending (SBL) platform. Under the terms of the purchase agreement, Walker & Dunlop will acquire GeoPhy for $85 million in cash to be paid at closing with an additional $205 million of cash earn-out potential structured to directly align with Walker & Dunlop's "Drive to '25" goals surrounding growth in appraisal revenues, SBL volumes, and mortgage banking gains, as detailed in the company press release.
Wilson Sonsini Goodrich & Rosati represented GeoPhy in the transaction, in collaboration with Biesheuvel Jansen Advocaten. The Wilson Sonsini team included:
Corporate
Adam Bloom
Brandon Middleton-Pratt
Tiffany Pan
Conor Cannon
Sean Mihaljevich
Qui Flood
Delaware Law
Ryan Greecher
James Griffin-Stanco
Ryan Hart
Employee Benefits and Compensation
Scott McCall
Jaqueline Tokuda
Michael Klippert
Mark Cornillez-Ty
Employee Litigation
Jason Storck
Joseph Horne
Neil Gulyako
Technology Transactions
James Clessuras
Scott McKinney
Dena Smith
Morgan Dudkewitz
Stephanie Stark
Antitrust
Benjamin Labow
Todd Hahn
Privacy
Matthew Staples
Daniel Chen
Michael O'Brien
Edward Ruse
Regulatory/Litigation
Tarek Helou
Jahna Hartwig
Seth Cowell
Kazuko Shintani
For more information, please see the press release.