Buyout (LBO, MBO, MBI) • Financial Services

Waterfall Asset Management Acquires Newcleus

On August 3, 2021, asset manager Waterfall Asset Management acquired financial services company Newcleus

Acquisition Context

This is Waterfall Asset Management’s 5th transaction in the Financial Services sector.
This is Waterfall Asset Management’s 6th transaction in the United States.
This is Waterfall Asset Management’s 2nd transaction in Pennsylvania.

Explore All 690 Buyout (LBO, MBO, MBI) Financial Services Deals - Search the Database Free

M&A Deal Summary
Date	August 3, 2021
Target	Newcleus
Sector	Financial Services
Buyer(s)	Waterfall Asset Management
Deal Type	Buyout (LBO, MBO, MBI)
Advisor(s)	FinPro Capital Advisors (Financial) Fox Rothschild (Legal)

Target Company

Newcleus

Yardley, Pennsylvania, United States

Newcleus is a design and administration provider of compensation, benefit, investment, and financing strategies. The company primarily provides its niche products and services to the banking and credit union industry and, by leveraging its' proprietary, client-centric administration technology platform (known as MINTS), services and administers over 45,000 policies on behalf of over 750 financial institutions. Newcleus was formed in 2018 and is headquartered in Yardley, Pennsylvania.

Explore More Deals

Browse All 215,156 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

Waterfall Asset Management

Investor

Category	Asset Manager
Founded	2005
PE ASSETS	13.1B USD
Size	Mega
Type	Sector Agnostic

DESCRIPTION

Waterfall Asset Management is an institutional asset manager focused on structured credit (asset-backed securities and loans) and private equity investments. Waterfall was founded in 2005 and is headquartered in New York, New York.

Deal Context for Buyer	#
Overall	6 of 7
Sector: Financial Services	5 of 5
Type: Buyout (LBO, MBO, MBI)	4 of 4
State: Pennsylvania	2 of 2
Country: United States	6 of 7
Year: 2021	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2020-12-01	Mission Loans Irvine, California, United States Mission Loans offers mortgage loan services. Mission Loans is based in Irvine, California.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2020-12-01

Mission Loans

Irvine, California, United States

Mission Loans offers mortgage loan services. Mission Loans is based in Irvine, California.

Buy

FOLLOWING DEAL

DATE	TARGET	DEAL TYPE	VALUE
2023-01-24	OnPoint Clarksville, Indiana, United States OnPoint is a provider of warranty services, including underwriting, service contract, and extended warranty programs, home warranty, screen protection, logistics, and insurance. OnPoint is based in Clarksville, Indiana.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2023-01-24

OnPoint

Clarksville, Indiana, United States

OnPoint is a provider of warranty services, including underwriting, service contract, and extended warranty programs, home warranty, screen protection, logistics, and insurance. OnPoint is based in Clarksville, Indiana.

Buy

Explore Related M&A Activity

Financial Services M&A - Buyout (LBO, MBO, MBI) M&A Deals - Pennsylvania M&A - United States M&A - 2021 M&A