M&A Deal Summary

J.G. Wentworth Home Lending Acquires Otto

On June 20, 2024, J.G. Wentworth Home Lending acquired software company Otto

Acquisition Highlights
  • This is J.G. Wentworth Home Lending’s 1st transaction in the Software sector.
  • This is J.G. Wentworth Home Lending’s 2nd transaction in the United States.
  • This is J.G. Wentworth Home Lending’s 2nd transaction in California.

M&A Deal Summary

Date 2024-06-20
Target Otto
Sector Software
Buyer(s) J.G. Wentworth Home Lending
Deal Type Add-on Acquisition

Target

Otto

Los Angeles, California, United States
Otto offers consumers a comprehensive digital solution that helps them understand, manage, and pay their debt obligations more efficiently. Otto is based in Los Angeles, California.

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Buyer(S) 1

Buyer

J.G. Wentworth Home Lending

Chesterbrook, Pennsylvania, United States

Category Company
Founded 1992
Sector Financial Services
DESCRIPTION

J.G. Wentworth Home Lending LLC is one of the nation's largest direct and retail home mortgage lenders. J.G. Wentworth parent company, J.G. Wentworth, has served the community since 1992. J.G. Wentworth created a streamlined, technology advanced organization to provide consumers with low mortgage rates and an efficient mortgage process. Affordable, fast, easy and eager to serve.


DEAL STATS #
Overall 2 of 2
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 2 of 2
State: California M&A 2 of 2
Country: United States M&A 2 of 2
Year: 2024 M&A 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-05 Stilt

San Francisco, California, United States

Stilt is an operator of a fintech and personal loan lender was built to democratize access to transparent credit products for the millions who are currently shut out by the financial system, such as immigrants, international students, DACA and visa holders. Stilt is based in San Francisco, California.

Buy -