Perseus Operating Group entered into an agreement to acquire Empower loan origination system (LOS) business of Black Knight, Inc. (NYSE:BKI) on March 7, 2023. Pursuant to the terms and subject to the conditions set forth in the Divestiture Agreement, after the Closing, Constellation will purchase the divested business and the divested business products from Black Knight. Consummation of the Divestiture Transaction is subject to customary closing conditions, including but not limited to the prior completion of the Merger. Truist Securities, Inc. acted as lead financial advisor to Black Knight, Inc. Rory O Halloran and Cody Wright as well as Halloran and Cody Wright of Shearman & Sterling LLP acted as legal advisors to ICE in the transaction.

Perseus Operating Group completed the acquisition of Empower loan origination system (LOS) business of Black Knight, Inc. (NYSE:BKI) on September 15, 2023.