logo
Share SHARE
FONT-SIZE Plus   Neg

Fidelity National Announces Formation Of Black Knight Financial Services

Fidelity National Financial, Inc. (FNF) announced the reorganization of the former Lender Processing Services, Inc. or LPS businesses, the formation of a wholly-owned subsidiary called Black Knight Financial Services, Inc.

The company also announced the issuance of a 35% interest in each of Black Knight's two operating subsidiaries, ServiceLink Holdings, LLC and Black Knight Financial Services, LLC or BKFS, to funds affiliated with Thomas H. Lee Partners, L.P. and certain related entities.

Black Knight, through ServiceLink and BKFS, now owns and operates the former LPS businesses and FNF's ServiceLink business. FNF's core operating subsidiaries now consist of Fidelity National Title Group, Inc. and Black Knight.

BKFS consists of LPS' former technology, data and analytics businesses and the technology offerings previously owned by FNF's ServiceLink division, the company noted.

FNF stated that Tom Sanzone will be the CEO of BKFS and Chris Azur will be the CEO of ServiceLink.

Tom joined FNF in 2013 and has more than 25 years of experience in the financial services industry and Chris was the President of FNF's ServiceLink division and has more than 20 years of experience in the mortgage transactions services business.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
An Illinois woman has filed a lawsuit against Starbucks accusing that the coffee retail giant is misleading customers by "underfilling" its cold beverages. According to the plaintiff, Starbucks is cheating customers by serving cold coffees with too much ice cubes and less coffee than advertised, "often... GNC Holdings Inc. (GNC) Monday said it has commenced a strategic review that could lead to potential sale of the company. Shares of GNC Holdings gained over 4 percent after the vitamins and health supplement retailer said it has hired Goldman Sachs and Wachtell, Lipton, Rosen & Katz to advise on... Workers at a giant construction company in Saudi Arabia have set fire to several company buses amid protests at being laid off and not being paid wages for several months. Employees at the Saudi Binladin Group set fire to company buses and staged demonstrations within the Mecca region in recent weeks after the company, one of Saudi Arabia's largest employers, laid off 50,000 foreign employees.
comments powered by Disqus
Follow RTT