M&A Deal Summary

Black Knight Acquires Optimal Blue

On July 27, 2020, Black Knight acquired business services company Optimal Blue from GTCR for 1.8B USD

Acquisition Highlights
  • This is Black Knight’s 1st transaction in the Business Services sector.
  • This is Black Knight’s largest (disclosed) transaction.
  • This is Black Knight’s 7th transaction in the United States.
  • This is Black Knight’s 1st transaction in Texas.
Investment Fate
  • Optimal Blue was divested to a consortium of strategic buyers in 2023.

M&A Deal Summary
Date 2020-07-27
Target Optimal Blue
Sector Business Services
Buyer(s) Black Knight
Sellers(s) GTCR
Deal Type Add-on Acquisition
Deal Value 1.8B USD

Target

Optimal Blue

Plano, Texas, United States
website
Optimal Blue operates mortgage secondary marketing technology & facilitates transactions among mortgage market participants through its Marketplace Platform, actionable data, and technology vendor connections. Optimal Blue was formed in 2002 and is based in Plano, Texas.

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Buyer(S) 1

Buyer

Black Knight

Jacksonville, Florida, United States

website

Category Company
Founded 2013
Sector Information Technology
Employees6,500
Revenue 1.5B USD (2021)
DESCRIPTION
Black Knight's corporate headquarters in Jacksonville, Florida.
Black Knight's corporate headquarters in Jacksonville, Florida.

Black Knight is a provider of integrated technology, services and data solutions that facilitate and automate many of the business processes across the entire loan lifecycle. Black Knight was founded in 2013 and is based in Jacksonville, Florida.

DEAL STATS #
Overall 7 of 11
Sector (Business Services) 1 of 2
Type (Add-on Acquisition) 6 of 9
State (Texas) 1 of 1
Country (United States) 7 of 11
Year (2020) 2 of 3
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-03-03 Collateral Analytics

Honolulu, Hawaii, United States

Collateral Analytics develops real estate analytic products and tools to support financial institutions, institutional and retail investors, as well as property capital market activities. As technological innovation fundamentally changes the structure of the real estate industry, The company empowers partners, investors, and clients with greater and faster access to information and the tools they need to make more informed property investment decisions. CA was formed in 2009 and is based in Honolulu, Hawaii.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-27 DocVerify

Irvine, California, United States

DocVerify, Inc. is a privately held company committed to delivering solutions that provide proof of the integrity of digital documents, enabling organizations across a wide range of industries to streamline processes, safeguard sensitive information and reduce costs. DocVerify is based in Irvine, California.

Buy -

Seller(S) 1

SELLER

GTCR

Chicago, Illinois, United States

Investor Investor Investor Investor Investor

website

Category Private Equity Firm
Founded 1980
PE ASSETS 15.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

GTCR is a private equity firm that typically partners with management when pursuing acquisitions. The Firm looks to grow companies through build-on acquisitions, consolidations, and internal growth. GTCR will consider both equity and mezzanine capital commitments and concentrates its investment activity in consumer products & services, healthcare services, outsourced business services, technology, transaction processing, and pharma/medical products. GTCR was formed in 1980 and is based in Chicago, Illinois.

DEAL STATS #
Overall 75 of 84
Sector (Business Services) 7 of 7
Type (Add-on Acquisition) 38 of 40
State (Texas) 4 of 4
Country (United States) 72 of 81
Year (2020) 3 of 6
Size (of disclosed) 1 of 33
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-06-02 CapTrust

Raleigh, North Carolina, United States

CapTrust is an independent registered investment advisor. It has clients in all 50 states and provides investment advisory, asset management, and planning services to thousands of affluent private clients and institutional investors such as retirement plan fiduciaries, endowments, foundations, and religious entities. CapTrust was founded in 1997 and is based in Raleigh, North Carolina.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-08-03 Paya

Dunwoody, Georgia, United States

Paya is a provider of payment processing and merchant-acquiring solutions in North America. The company provides credit card, ACH, check, gift, and loyalty card processing services to small and medium-sized businesses in the United States and Canada. Paya's payment solutions integrate with merchants' business management software solutions and enable them to securely accept electronic payments through multiple channels, including card-present, e-commerce, and mobile. Through the Company's EFT subsidiary, Paya offers specialized ACH processing services to merchants, processors, and other businesses. It serves a diversified client base of approximately 100,000 SMBs including healthcare providers, non-profit and faith-based organizations, and accounting software companies. Paya is based in Dunwoody, Georgia.

Sell -
Mergr

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