An investment firm with interests in firms like Black Knight Inc., ServiceLink Holdings LLC and Ten-X LLC is taking a stake in Guaranteed Rate Inc.
Chicago-based Guaranteed Rate announced Thursday that it has reached an agreement to sell a material interest in the company to a private-equity firm.
While some of the proceeds will be used to repurchase shares from existing shareholders, Guaranteed Rate plans to use the remainder for general corporate purposes.
Source: Mortgage Daily
