M&A Deal Summary |
|
|---|---|
| Date | 2011-03-28 |
| Target | Green Tree Servicing |
| Sector | Financial Services |
| Buyer(s) | Walter Investment Management |
| Sellers(s) | Centerbridge Partners |
| Deal Type | Add-on Acquisition |
| Deal Value | 1.1B USD |
| Advisor(s) | Morgan Stanley (Financial) Willkie Farr & Gallagher (Legal) |
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| Category | Company |
|---|---|
| Founded | 1958 |
| Sector | Financial Services |
| Employees | 6,400 |
| Revenue | 473M USD (2012) |
Walter Investment Management Corp., together with its subsidiaries, provides business services to the residential mortgage industry in the United States. The company offers residential loan services that focuses on credit-sensitive residential and reverse mortgages; and provides a suite of services to the reverse mortgage sector, including servicing, sub-servicing, loan origination, asset management, and related technology. It also owns a mortgage portfolio of credit-challenged, non-conforming residential loans and reverse mortgage loans, as well as operates an insurance agency serving residential loan customers. The company was founded in 1958 and is based in Tampa, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Financial Services) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 1 of 2 |
| Year (2011) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-11-01 |
Reverse Mortgage Solutions
Spring, Texas, United States Reverse Mortgage Solutions, Inc. is a provider of reverse mortgage loan servicing, sub-servicing, and loan origination software. |
Buy | - |
| Category | Asset Manager |
|---|---|
| Founded | 2005 |
| PE ASSETS | 16.9B USD |
| Size | Mega |
| Type | Sector Agnostic |
Centerbridge Partners is a mega-sized private equity firm focused primarily on distressed/special situations in North America and Europe. In addition to making control investments, Centerbridge also maintains funds for non-control credit investments. Centerbridge was formed in 2005 and is based in New York City.
| DEAL STATS | # |
|---|---|
| Overall | 2 of 24 |
| Sector (Financial Services) | 2 of 5 |
| Type (Add-on Acquisition) | 1 of 9 |
| State (Minnesota) | 1 of 1 |
| Country (United States) | 2 of 22 |
| Year (2011) | 2 of 3 |
| Size (of disclosed) | 4 of 6 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-01-28 |
BankUnited
Miami Lakes, Florida, United States BankUnited is the largest bank headquartered in Florida, and has 85 branches located in 13 coastal counties of Florida with a particularly strong presence in the Miami-Dade, Broward and Palm Beach counties. Based on deposit market share, BankUnited is the eighth largest depository institution operating in Florida. BankUnited is a full-service financial services firm offering consumer and commercial loans as well as a range of deposit products. BankUnited was founded in 2009 and is based in Miami Lakes, Florida. |
Sell | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2011-08-31 |
Remedi SeniorCare
Baltimore, Maryland, United States Remedi SeniorCare delivers comprehensive pharmacy services, pharmacy consulting, and data management services to nursing homes, assisted living, and continuing care retirement communities. The business is committed to helping these organizations achieve outstanding care, financial strength, and medication safety. Remedi combines their culture of caring with real-world pharmacy services and best-in-class technology to give organizations more time and resources and help them focus on caring for their residents. Remedi SeniorCare was formed in 1954 and is based in Baltimore, Maryland. |
Buy | - |
