Investment Summary

Equifin Capital Exits RCS

On December 4, 2013, MTGE Investment invested in financial services company RCS from Equifin Capital

Investment Highlights
  • This is MTGE Investment’s 1st transaction in the Financial Services sector.
  • This is MTGE Investment’s 1st transaction in the United States.
  • This is MTGE Investment’s 1st transaction in Texas.

Investment Summary

Date 2013-12-04
Target RCS
Sector Financial Services
Investor(s) MTGE Investment
Sellers(s) Equifin Capital
Deal Type Add-on Acquisition

Target

RCS

Fort Worth, Texas, United States
RCS is a provider of mortgage solutions to the mortgage industry. It also offers customized mortgage refinance programs. The company was founded in 2006 and is based in Fort Worth, Texas.

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Investor(S) 1

Investor

MTGE Investment

Bethesda, Maryland, United States

Category Company
Founded 2011
Sector Real Estate
DESCRIPTION

MTGE Investment Corp. is a real estate investment trust that invests in and manages a leveraged portfolio of agency mortgage investments, non-agency mortgage investments and other real estate-related investments. The company is externally managed and advised by MTGE Management, LLC, an affiliate of AGNC Investment Corp. MTGE Investment Corp. was formed in 2011 and is headquartered in Bethesda, Maryland.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
State: Texas M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2013 M&A 1 of 1

Seller(S) 1

SELLER

Equifin Capital

Madison, New Jersey, United States

Category Private Equity Firm
PE ASSETS 450M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

Equifin Capital is a specialist private equity firm focused on the financial services sector. Areas of interest include consumer finance, commercial finance, capital asset management, and other areas of the financial services sector. Equifin looks to support portfolio acquisitions, growth capital financings, corporate spin-outs and take privates, as well as turnarounds. Equifin Capital is based in New York City.


DEAL STATS #
Overall 4 of 4
Sector: Financial Services M&A 3 of 3
Type: Add-on Acquisition M&A Deals 2 of 2
State: Texas M&A 1 of 1
Country: United States M&A 4 of 4
Year: 2013 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-05 Flagship Credit

Chadds Ford, Pennsylvania, United States

Flagship Credit Corporation is a national indirect automobile finance company which purchases retail installment contracts from dealers financing to non-prime consumers for purchases of new and late model used vehicles. The Company is headquartered in Chadds Ford, Pennsylvania.

Sell -