Cooley advised on Fidelity National Financial’s (NYSE: FNF) combination of its ServiceLink business with Lender Processing Services, Inc. into a new holding company — Black Knight Financial Services, Inc. Black Knight Financial Services will have two operating subsidiaries — Black Knight Financial Services, LLC and ServiceLink Holdings, LLC. Cooley also advised Fidelity National on its issuance of a 35 percent interest in each of the Black Knight operating subsidiaries to funds affiliated with Thomas H. Lee Partners LP and certain related entities.

The combination of the businesses into Black Knight Financial Services and the equity issuance to T.H. Lee Partners were related to Fidelity National Financial’s recently completed $3.3 billion acquisition of Lender Processing Services (NYSE: LPS). Fidelity National is a leading provider of title insurance, mortgage services and diversified services.

The cross-office Cooley team advising on the transaction was led by Los Angeles partner-in-charge Tom Hopkins and included partner Ian Smith and associates Melika Martin, Erin Walczewski and Clark Chu. Critical support for the transaction was provided by tax partner Lesse Castleberry and associate Stanley Barsky, and by antitrust partner Francis Fryscak.


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