Money Makers Mentor

Intercontinental Exchange to Acquire Mortgage-Software Ellie Mae for $11 Billion

Today, Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, announced that it has reached a definitive agreement to acquire Ellie Mae, a cloud-based provider for the mortgage finance industry. Ellie Mae is a portfolio company of Thoma Bravo, a private equity investment firm. The deal is valued at $11 billion. 

Credit Suisse, Goldman Sachs, and Wells Fargo served as lead financial advisors to the Atlanta-based ICE. The company also received financial advice from Broadhaven, Citigroup, and Moelis & Company LLC. Shearman & Sterling LLP served as the legal advisor to Intercontinental Exchange. The company received additional legal advice from Morgan, Lewis & Bockius LLP, Potter Anderson & Corroon LLP, and Sullivan & Cromwell LLP.

 J.P. Morg…

Leave A Reply

Your email address will not be published.