M&A Deal Summary

ARMOUR Residential REIT Acquires JAVELIN Mortgage Investment

On March 2, 2016, ARMOUR Residential REIT acquired financial services company JAVELIN Mortgage Investment for 85M USD

Acquisition Highlights
  • This is ARMOUR Residential REIT’s 1st transaction in the Financial Services sector.
  • This is ARMOUR Residential REIT’s largest (disclosed) transaction.
  • This is ARMOUR Residential REIT’s 1st transaction in the United States.
  • This is ARMOUR Residential REIT’s 1st transaction in California.

M&A Deal Summary
Date 2016-03-02
Target JAVELIN Mortgage Investment
Sector Financial Services
Buyer(s) ARMOUR Residential REIT
Deal Type Merger
Deal Value 85M USD
Advisor(s) JMP Securities (Financial)
Duane Morris
Venable LLP (Legal)

Target

JAVELIN Mortgage Investment

Vero Beach, California, United States
JAVELIN Mortgage Investment Corp. is a real estate investment trust (REIT) that invests primarily in fixed rate agency and fixed rate and hybrid adjustable rate non-agency residential mortgage-backed securities.

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Buyer(S) 1

Buyer

ARMOUR Residential REIT

Vero Beach, Florida, United States
Category Company
Founded 2008
Sector Financial Services
Revenue 19M USD (2021)
DESCRIPTION

ARMOUR Residential REIT is investing primarily in hybrid adjustable rate, adjustable rate and fixed rate residential mortgage backed securities. ARMOUR Residential REIT was founded in 2008 and is headquartered in Vero Beach, Florida.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Merger) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2016) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal