Deal Flow
Letter · prints on one page
Transaction tear sheetData as of Nov 7, 2026
M&A · Tech · Services-Prepackaged Software

Constellation Software Inc. to acquire Black Knight, Inc.

Announced Jul 17, 2023 · Closed Sep 5, 2023

Deal value—
Premium—To unaffected price
EV / Adj. EBITDA—
ConsiderationAll cash

Transaction

Acquirer
Constellation Software Inc. (CSU)
Target
Black Knight, Inc. (BKI)
Buyer type
Strategic
Offer price per share
—
Enterprise value
—
Status
Closed Sep 5, 2023

Deal protections

Not yet read from the merger agreement.

Advisors

To the acquirer
Not disclosed
To the target
Not disclosed

Sector context · Tech

Comparable deals
60 in the prior 24 months
Premium
Sector median 43.5%
EV / Adj. EBITDA
Sector median 18.1x
Break fee
Sector median 3.0%

Timeline

  1. AnnouncedJul 17, 2023
  2. ClosedSep 5, 2023
Sources
  • 425 · Jul 17, 2023

Adj. EBITDA is operating income + D&A + impairment, restructuring, deal costs and stock compensation, less any large gain on a sale, last twelve months, from the target's filings. Calculated by Castle, so it can differ from a bank's adjusted figure.

Prepared with Castle from public SEC EDGAR filings. Figures are extracted automatically; verify against the source documents. Not investment advice.