(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.
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