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New Deal


Announced

Completed

SHELLPOINT PARTNERS LLC / NEW RESIDENTIAL INVESTMENT CORP. / Acquisition / Private / £142m

Financials

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Sources

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Tags

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investment company

residential real estate

mortgage reit

Mortgage REITs: Residential

United States

Private

Acquisition

Completed

Friendly

Single Bidder

Private Equity

Synopsis

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New Residential Investment Corp. announced that it has entered into definitive agreements to acquire Shellpoint Partners LLC, a vertically integrated mortgage platform with established origination and servicing capabilities, for approximately $190 million, subject to certain adjustments, plus potential additional consideration pursuant to a three-year earnout based on the performance of Shellpoint after closing.

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