News & Announcements

Weil Advises Fidelity National Financial in $2.9B Acquisition of Lender Processing Services

A Weil team led by Corporate Chairman Michael Aiello is advising Fidelity National Financial, Inc., a publicly traded provider of title insurance, specialty insurance, and claims management services, in connection with its $2.9 billion acquisition of Lender Processing Services, Inc. (LPS), a provider of integrated technology, data, and services to the U.S. mortgage lending industry. Weil is also advising Thomas H. Lee Partners in its commitment to purchase a 19% interest in a newly-formed subsidiary of Fidelity that will own LPS and Fidelity’s existing ServiceLink business upon consummation of the LPS acquisition.

In addition to Michael Aiello, the Weil team advising Fidelity National Financial includes Banking & Finance partner Allison Liff; Tax partners Chayim Neubort and Marc Silberberg; Mergers & Acquisitions associates A.J. Frey, Sachin Kohli, and Megan Pendleton; Private Equity associate Ryan Taylor; and Banking & Finance associate Lucas Spivey (all in New York unless otherwise indicated).

This news appeared in the following outlets (link may require registration/subscription):

  • The Deal: Fidelity National buys Lender Processing Services (May 28, 2013)
  • The Am Law Daily: Five Firms Handle Fidelity’s 2.9 Billion LPS Buy (May 28. 2013)
  • Law360: Fidelity Strikes PE-Backed $3B Deal For Mortgage Co. LPS (Mary 28, 2013)
  • Bloomberg / Bloomberg Businessweek: Weil, Cravath, Fried Frank, Skadden: Business of Law (May 29, 2013)
  • Daily Journal: Cooley helps guide $2.9 billion mortgage industry deal (May 29, 2013)
  • Thomson Reuters Westlaw Business Law Currents: M&A watch: Fidelity to acquire Lender Processing Services for $2.9 billion in cash-stock deal (May 31, 2013)
  • New York Law Journal: Five Firms Advise on $7 Billion Sale Of Meat Processor To Chinese Company (June 6, 2013)