Black Knight To Buy Optimal Blue For Enterprise Value Of $1.8 Bln

(RTTNews) - Black Knight Inc. (BKI) said that it agreed to buy Optimal Blue, a provider of secondary market solutions and actionable data services, from a private equity firm GTCR for an enterprise value of $1.8 billion.

Black Knight noted that it will combine its Compass Analytics business with Optimal Blue in a newly formed entity with minority co-investors Cannae Holdings Inc. (CNNE) and Thomas H. Lee Partners, L.P or THL. Cannae and THL will each own about 20% of the new entity. Black Knight will own about 60% of the new entity.

Black Knight expects to complete the deal in the third quarter of 2020.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

In This Story


Latest Markets Videos


Founded in the late 1990s by Andrew Mariathasan in New York, with the goal of covering Wall Street for a new generation of investors, RTTNews has expanded steadily over the years to become a trusted provider of content for a wide array of subjects across several platforms. RTT's Financial Newswire is relied upon by some of the world's largest financial institutions, including banks, brokerages, trading platforms and financial exchanges.

Learn More