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Announced

Completed

Intercontinental Exchange completed the acquisition of Ellie Mae from Thoma Bravo for $11bn.

Financials

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Transaction Value£8,407m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Majority

mortgage finance

Financial Data and Systems

United States

Private Equity

Acquisition

Single Bidder

Friendly

Private

Completed

Synopsis

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Intercontinental Exchange, an operator of global exchanges and clearing houses and provider of data and listings services, completed the acquisition of Ellie Mae, a technology platform for the mortgage finance industry, from private equity firm Thoma Bravo for $11bn. "We are excited to begin the next important chapter in our journey to digitize the residential mortgage industry. Ellie Mae’s industry leadership and best-of-breed technology will better enable us to further accelerate the automation of the mortgage origination workflow, which will benefit stakeholders across the production chain, including consumers,” Jeffrey C. Sprecher, Intercontinental Exchange Founder, Chairman and CEO.

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