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New Deal


Announced

Completed

Black Knight completed the acquisition of the remaining stake in Optimal Blue from Thomas H. Lee and Cannae Holdings for $1.16bn.

Financials

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Transaction Value£854m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Domestic

Private Equity

Friendly

Private

Majority

Completed

Acquisition

Financial Data and Systems

data services

secondaries markets

United States

Single Bidder

Synopsis

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Black Knight, a holding company, completed the acquisition of the remaining stake in Optimal Blue, a provider of managed-content, product eligibility, and pricing engine technology, from Thomas H. Lee, a private equity firm, and Cannae Holdings, a holding company, for $1.16bn. "The performance of Optimal Blue has been outstanding by any measure. The integration has gone very well, and there continue to be opportunities to go even further with our industry-leading solutions. We are looking forward to the continued strong performance of Optimal Blue and the great cross-sell opportunities we have as we move forward as one company," Anthony Jabbour, Black Knight Chairman and CEO.

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