Weil, Kirkland Guide $1.8B Deal For Mortgage Software Biz

Law360 (July 27, 2020, 2:56 PM EDT) -- Black Knight Inc. will buy private equity-backed mortgage servicing software provider Optimal Blue in a deal guided by Weil and Kirkland that is worth roughly $1.8 billion, the companies said Monday.

The transaction sees Jacksonville, Florida-based Black Knight scooping up Plano, Texas-headquartered Optimal Blue and then combining it with its own fintech unit Compass Analytics to form a new entity alongside minority co-investors Cannae Holdings Inc. and Thomas H. Lee Partners LP, according to a statement. Black Knight will hold a stake of about 60% in the new company.

The companies have not yet decided on a name for the combined...

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