General World News

Paceline Equity Partners backs Constellation Software’s Optimal Blue

An affiliate of Paceline Equity Partners LLC, a private equity manager based in Texas, completed a debt investment in a subsidiary of Constellation Software Inc.

The investment stems from a merger agreement between Intercontinental Exchange (ICE) and Black Knight, which included the divestiture of Optimal Blue. ICE and Black Knight agreed to sell Optimal Blue to secure regulatory clearance of ICE’s proposed acquisition of Black Knight, a $13.1 billion megadeal announced in May 2022. 

The $700 million proposed transaction included a payment by Constellation of $200 million in cash, with details ⇒

BusinessMediaguide.Com portal received this content from this noted web source: HousingWire.Com