M&A Deal Summary

The J.G. Wentworth Acquires WestStar Mortgage

On August 3, 2015, The J.G. Wentworth acquired financial services company WestStar Mortgage for 67M USD

Acquisition Highlights
  • This is The J.G. Wentworth’s 1st transaction in the Financial Services sector.
  • This is The J.G. Wentworth’s largest (disclosed) transaction.
  • This is The J.G. Wentworth’s 1st transaction in the United States.
  • This is The J.G. Wentworth’s 1st transaction in Virginia.

M&A Deal Summary
Date 2015-08-03
Target WestStar Mortgage
Sector Financial Services
Buyer(s) The J.G. Wentworth
Deal Type Add-on Acquisition
Deal Value 67M USD
Advisor(s) Houlihan Lokey (Financial)
Sheppard Mullin (Legal)

Target

WestStar Mortgage

Woodbridge, Virginia, United States
WestStar Mortgage, Inc. is a residential mortgage company specializing in conforming mortgage lending. WestStar specializes in originating Conventional, VA, and FHA loans and is licensed to operate in 40 states.

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Buyer(S) 1

Buyer

The J.G. Wentworth

Radnor, Pennsylvania, United States
Category Company
Founded 1991
Sector Financial Services
Employees410
Revenue 82M USD (2015)
DESCRIPTION

The J.G. Wentworth Co. is a provider of structured settlement payment purchasing, annuity payment purchasing, lottery payment purchasing, and pre-settlement funding. The J.G. Wentworth Co. delisted in June 2016 from NYSE.

DEAL STATS #
Overall 1 of 1
Sector (Financial Services) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (Virginia) 1 of 1
Country (United States) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 1
Mergr

Product

Company

Legal