Merger • Financial Services

Vervent Acquires PFSC

On July 16, 2019, Vervent acquired financial services company PFSC from Stone Point Capital

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

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M&A Deal Summary

Date July 16, 2019
Target PFSC
Sector Financial Services
Buyer(s) Vervent
Sellers(s) Stone Point Capital
Deal Type Merger

Target Company

PFSC

Portland, Oregon, United States
PFSC is a third-party private label servicer of commercial and consumer leases, loans and annuity type transactions (inclusive of structured settlements, lottery prize and royalty-based receivables). PFSC provides a comprehensive suite of services including primary servicing, successor servicing and backup servicing. PFSC also provides certain focused services such as document custodianship and verification agent services, multi-state vehicle titling and multi-state sales/use and personal property tax reporting and compliance. PFSC was founded in 1992 and is based in Portland, Oregon.
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Buyer Overview 1

Buyer

Vervent

San Diego, California, United States

Category Company
Founded 1986
Sector Financial Services
DESCRIPTION

Vervent is a loan servicing company offering in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. Vervent was founded in 1986 and is based in San Diego, California.


Deal Context for Buyer #
Overall 1 of 4
Sector: Financial Services 1 of 2
Type: Merger 1 of 1
State: Oregon 1 of 1
Country: United States 1 of 3
Year: 2019 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-01 Total Card Solutions

Sioux Falls, South Dakota, United States

Total Card Solutions is a provider of credit servicing solutions. Total Card Solutions was founded in 2000 and is based in Sioux Falls, South Dakota.

Buy -

Seller Profile 1

SELLER

Stone Point Capital

Greenwich, Connecticut, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1994
PE ASSETS 55.0B USD
Size Mega
Type Sector Focused
DESCRIPTION

Stone Point Capital is a private equity firm that targets investments in financial services sector. Specific areas of interest include insurance underwriting, outsourcing service providers to financial institutions, specialty lending and other credit opportunities, employee benefits and healthcare, asset management/retirement savings, and banking/depository institutions. Stone Point looks to commit between $75 and $750 million of equity per transaction and will consider control or substantial minority positions. Geographic areas of interest include North America and Europe. Stone Point Capital was formed in 1994 and is based in Greenwich, Connecticut.


Deal Context for Seller #
Overall 43 of 59
Sector: Financial Services 17 of 21
Type: Merger 4 of 5
State: Oregon 1 of 1
Country: United States 37 of 53
Year: 2019 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-07-16 Vervent

San Diego, California, United States

Vervent is a loan servicing company offering in-depth industry expertise, cutting-edge technology and a comprehensive array of services across a variety of asset classes. Vervent was founded in 1986 and is based in San Diego, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-09-23 Black Mountain Systems

San Diego, California, United States

Black Mountain Systems is a software company that develops tailored solutions for data aggregation, process management, and business reporting. Global investment firms use Black Mountain's proven Everest platform to add operating efficiency and reduce risk by eliminating the boundaries between systems, information, and people, allowing employees to focus on high-value activities that drive investment performance. Black Mountain Systems is based in San Diego, California.

Sell -