Divestiture • Financial Services

Roc360 Acquires CIVIC Financial Services

On May 23, 2023, Roc360 acquired financial services company CIVIC Financial Services from PacWest Bank

Acquisition Context
  • This is Roc360’s 1st transaction in the Financial Services sector.
  • This is Roc360’s 1st transaction in the United States.
  • This is Roc360’s 1st transaction in California.

Explore All 709 Divestiture Financial Services Deals - Search the Database Free


M&A Deal Summary

Date May 23, 2023
Target CIVIC Financial Services
Sector Financial Services
Buyer(s) Roc360
Sellers(s) PacWest Bank
Deal Type Divestiture

Target Company

CIVIC Financial Services

Redondo Beach, California, United States
CIVIC Financial Services is an institutional private money lender specializing in the financing of non-owner-occupied investment properties. CIVIC helps investors leverage opportunities to grow their real estate portfolios. As a direct lender, CIVIC offers an array of financing solutions for retail, wholesale, and correspondent channels. CIVIC Financial Services was formed in 2014 and is based in Redondo Beach, California.
Explore More Deals

Browse All 215,158 Deals

FILTER BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Search Free

Buyer Overview 1

Buyer

Roc360

New York, New York, United States

Category Company
Founded 2014
Sector Financial Services
DESCRIPTION

Roc360 is a financial services platform for residential real estate investors, providing vertically integrated solutions, including lending, servicing, insurance and valuation. Roc360 was founded in 2014 and is based in New York City.


Deal Context for Buyer #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1

Seller Profile 1

SELLER

PacWest Bank

Beverly Hills, California, United States

Category Company
Founded 1999
Sector Financial Services
Employees2,400
Revenue 1.3B USD (2022)
DESCRIPTION

PacWest Bank is a provider of commercial banking services, including real estate, construction, and commercial loans, to small and medium-sized businesses. PWB's branches are located throughout California. Pacific Western's divisions CapitalSource, First Community Financial and Pacific Western Equipment Finance, and its subsidiaries BFI Business Finance and Celtic Capital Corporation, deliver a full spectrum of financing solutions nationwide across many industries and property types. PacWest Bank was founded in 1999 and is based in Beverly Hills, California.


Deal Context for Seller #
Overall 1 of 1
Sector: Financial Services 1 of 1
Type: Divestiture 1 of 1
State: California 1 of 1
Country: United States 1 of 1
Year: 2023 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-02-02 CIVIC Financial Services

Redondo Beach, California, United States

CIVIC Financial Services is an institutional private money lender specializing in the financing of non-owner-occupied investment properties. CIVIC helps investors leverage opportunities to grow their real estate portfolios. As a direct lender, CIVIC offers an array of financing solutions for retail, wholesale, and correspondent channels. CIVIC Financial Services was formed in 2014 and is based in Redondo Beach, California.

Buy -