M&A Deal Summary

Rithm Capital Acquires Caliber Home Loans

On April 14, 2021, Rithm Capital acquired financial services company Caliber Home Loans for 1.7B USD

Acquisition Highlights
  • This is Rithm Capital’s 3rd transaction in the Financial Services sector.
  • This is Rithm Capital’s largest (disclosed) transaction.
  • This is Rithm Capital’s 3rd transaction in the United States.
  • This is Rithm Capital’s 1st transaction in Texas.

M&A Deal Summary

Date 2021-04-14
Target Caliber Home Loans
Sector Financial Services
Buyer(s) Rithm Capital
Deal Type Add-on Acquisition
Deal Value 1.7B USD
Advisor(s) Credit Suisse Investment Banking (Financial)
Mayer Brown (Legal)

Target

Caliber Home Loans

Coppell, Texas, United States
Caliber Home Loans is a financial services company that provides residential mortgage loans. Caliber is an approved Seller/Servicer for both Fannie Mae and Freddie Mac, an approved issuer for Ginnie Mae, and is an approved servicer for FHA, VA, and the USDA. Caliber Home Loans was founded in 1963 and is headquarters in Coppell, Texas

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Buyer(S) 1

Buyer

Rithm Capital

New York, New York, United States

Category Company
Founded 2011
Sector Real Estate
Employees6,570
Revenue 2.1B USD (2023)
DESCRIPTION

Rithm Capital is a real estate investment trust that focuses on opportunistically investing in, and actively managing, investments primarily related to residential real estate. Rithm Capital was founded in 2011 and is based in New York, New York.


DEAL STATS #
Overall 4 of 5
Sector (Financial Services) 3 of 4
Type (Add-on Acquisition) 4 of 4
State (Texas) 1 of 1
Country (United States) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 1 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-19 Guardian Asset Management

Levittown, Pennsylvania, United States

DGG RE Investments LLC is a provider of field services and property management to government agencies, financial institutions, and asset management firms. Guardian’s suite of field services includes: inspections, property preservation, repairs, real estate owned property management and hazard claims. DGG RE Investments LLC was founded in 2007 and is based in Levittown, Pennsylvania.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-27 Sculptor Capital Management

New York, New York, United States

Sculptor Capital Management is a provider of asset management services to investors globally through its multi-strategy funds, dedicated credit funds, including opportunistic credit funds and Institutional Credit Strategies products, real estate funds and other alternative investment vehicles. Sculptor Capital Management was founded in 1994 and is based New York City.

Buy $720M