FT Partners Advises Optimal Blue on its Landmark Sale to GTCR
Steve McLaughlin
Founder / CEO / Managing Partner at Financial Technology Partners / FT Partners / FinTech Partners
FT Partners is pleased to announce our role serving as exclusive strategic and financial advisor to Optimal Blue on its sale to GTCR, in one of our largest deals of the year. Backed by Serent Capital, Optimal Blue is one of the largest SaaS providers of enterprise services to mortgage originators / investors in the U.S. The Company created the first cloud-based Product & Pricing Engine and is now the largest independent provider of pricing solutions in the mortgage ecosystem. GTCR is partnering with mortgage technology executive Scott Happ, the Founder and former CEO of Mortgagebot, to recapitalize Optimal Blue and further invest in the Company's growth.
Please feel free to review FT Partners' detailed profile on this transaction for additional information on the deal and our capabilities / track record.
In our 15th year in business, the Optimal Blue transaction highlights FT Partners' ongoing success advising highly sought-after, sponsor-backed FinTech companies globally. The transaction also builds upon FT Partners' strong domain expertise and track record across the broad Mortgage / Real Estate and Banking / Alt Lending tech space. Selected related FT Partners' transactions include:
* Advising Ellie Mae on both its IPO and its acquisition of Del Mar Datatrac -- Ellie Mae has been a standout performer rising from its $6 per share IPO price to over $85 today
* Advising WebEquity on its sale to Moody's
* Advising Custom Credit Systems on its sale to Misys
* Advising GreenSky on its $300 million minority financing round with TPG/Iconiq/Wellington/DST
* Advising Kabbage on its $135 million Series E financing
* Advising Earnest on its $75 million Series B financing
* Advising Jack Henry on its $300 million acquisition of iPay
* Plus advising Upstart, FastPay, Borro, Lighter Capital, BillGuard (sale to Prosper), and Google Capital (investment in Credit Karma)
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