Black Knight’s Acquisition Of Optimal Blue

Kirkland & Ellis represented GTCR and its portfolio company Optimal Blue in the transaction.

GTCR, a leading private equity firm, has signed a definitive agreement to sell Optimal Blue to Black Knight (NYSE:BKI) for an enterprise value of $1.8 billion, payable in cash.

Founded in 2002, Optimal Blue operates the residential mortgage industry’s leading digital marketplace, connecting approximately 3,500 mortgage lenders and brokers with 185 mortgage investors through a digital network that facilitates approximately $2 trillion of transactions annually.

Founded in 1980, GTCR is a leading private equity firm focused on investing in growth companies in the Financial Services & Technology, Healthcare, Technology, Media & Telecommunications and Growth Business Services industries.

Black Knight, Inc. engages in the provision of integrated software, data and analytics solutions. It operates through the Software Solutions, and Data and Analytics segments. The Software Solutions segment offers software and hosting solutions that support loan servicing, loan origination, and settlement services.

BofA Securities and Morgan Stanley served as Optimal Blue’s financial advisors.

The Kirkland team was led by transactional partners Stephen Ritchie (Picture) and Christopher Thomas and associates Kyle McHugh and Brian Arnfelt.

Involved fees earner: Brian Arnfelt – Kirkland & Ellis; Kyle McHugh – Kirkland & Ellis; Stephen Ritchie – Kirkland & Ellis; Christopher Thomas – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: GTCR; Optimal Blue;

Author: Ambrogio Visconti