Fidelity National Financial has recapitalized ServiceLink Holdings, increasing its ownership in the transaction services company.
Jacksonville, Fla.-based Fidelity National now holds a 79% stake in the company, having possessed a 65% stake previously. The change comes after it converted $505 million of $566 million in intercompany note principal and interest into additional equity ownership. Until this deal,
Following the move, ServiceLink now has $61 million in principal and interest in intercompany debt and $580 million in mirror note principal.
Fidelity National holds a majority ownership in both ServiceLink and