M&A Deal Summary

Homepoint Acquires Stonegate Mortgage

On January 27, 2017, Homepoint acquired financial services company Stonegate Mortgage from Long Ridge Equity Partners for 211M USD

Acquisition Highlights
  • This is Homepoint’s 2nd transaction in the Financial Services sector.
  • This is Homepoint’s largest (disclosed) transaction.
  • This is Homepoint’s 2nd transaction in the United States.
  • This is Homepoint’s 1st transaction in Indiana.

M&A Deal Summary
Date 2017-01-27
Target Stonegate Mortgage
Sector Financial Services
Buyer(s) Homepoint
Sellers(s) Long Ridge Equity Partners
Deal Type Secondary Buyout
Deal Value 211M USD

Target

Stonegate Mortgage

Indianapolis, Indiana, United States
website
Stonegate Mortgage Corporation is a specialty financial services firm focused on the U.S. residential mortgage market. Founded in 2005, Stonegate Mortgage originates, finances and services agency and non-agency residential mortgages through its network of retail offices and approved third party originators. Stonegate Mortgage also provides financing through its fully integrated warehouse lending platform, NattyMac. Stonegate Mortgage’s operational excellence, financial strength and commitment to technology have positioned the firm as a leading provider in the emerging housing finance market.

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Buyer(S) 1

Buyer

Homepoint

Ann Arbor, Michigan, United States

website

Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Homepoint is a mortgage banking business that is focused on residential mortgage origination, servicing, and asset management. Homepoint was founded in 2014 and is based in Ann Arbor, Michigan.

DEAL STATS #
Overall 2 of 2
Sector (Financial Services) 2 of 2
Type (Secondary Buyout) 1 of 1
State (Indiana) 1 of 1
Country (United States) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2015-04-02 Maverick Funding

Parsippany, New Jersey, United States

Maverick Funding Corp. provides wholesale lending with brokers and bankers.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-04-29 Home Point Financial - Delegated Correspondent Channel Assets

Ann Arbor, Michigan, United States

Home Point Financial Corp.'s Delegated Correspondent Channel Assets provides correspondent lending services.

Sell -

Seller(S) 1

SELLER

Long Ridge Equity Partners

New York, New York, United States

Investor Investor Investor Investor Investor

website

Category Growth Capital Firm
Founded 2007
PE ASSETS 900M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Long Ridge Equity Partners is a private investment firm focused on the financial services sector. The Firm seeks growth capital and special situation investments. Specific areas of interest include financial technology, specialty finance, securities and trading, asset management, payments, and exchanges. Long Ridge was formed in 2007 and is based in New York City.

DEAL STATS #
Overall 2 of 10
Sector (Financial Services) 2 of 4
Type (Secondary Buyout) 1 of 2
State (Indiana) 1 of 1
Country (United States) 2 of 10
Year (2017) 1 of 2
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-05-24 Carson Group

Omaha, Nebraska, United States

Carson Group is a provider of wealth management tools and services to financial advisors and direct clients. Carson’s flagship partner program offers an integrated technology platform for advisors, offering services including asset management, research, marketing, and compliance. Carson Group is based in Omaha, Nebraska.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-05-09 Broadway Technology

New York, New York, United States

Broadway Technology is a provider of high-performance fintech solutions and infrastructure to top global, regional and national banks; brokers; and the buy-side. Founded in 2003 by experts in enterprise software and quantitative trading, Broadway has employees worldwide with offices in New York, Austin, London, and Waterloo. Broadway's solutions handle over $100 trillion of trading volumes annually within the fixed income and foreign exchange markets. Broadway Technology was founded in 2003 and is based in New York.

Buy -
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