Black Knight Financial Services’ Spin-Off of Fidelity National Financial’s Interests


Kirkland & Ellis LLP advised the Special Committee of the Board of Directors of Black Knight Financial Services Inc. (NYSE: BKFS) (“Black Knight”), a leading provider of technology, data and analytics solutions to the nation’s top mortgage lenders and servicers, on its agreement with Fidelity National Financial, Inc. (“FNFI”) to spin-off FNF’s 54% interest in Black Knight to the FNF Group shareholders.

The spin-off will be structured in several steps, including a stock-for-stock merger of Black Knight with a newly-established public holding company. The transaction is subject to customary closing conditions and is expected to close in the third quarter of 2017.

The Kirkland team was led by corporate partner William Sorabella (Picture) and associate Clement Smadja with partner Jon Ballis; tax partner Russell Light and associate Tristan Evans-Wilent.

Involved fees earner: William Sorabella – Kirkland & Ellis; Clément Smadja – Kirkland & Ellis; Jon Ballis – Kirkland & Ellis; Russell Light – Kirkland & Ellis; Tristan Evans-Wilent – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Black Knight Financial Services, Inc.;

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Author: Ambrogio Visconti