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Announced

Completed

Activant Capital led a $160m investment in Better Holdco.

Financials

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Transaction Value£131m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

Private

Private Equity

Mortgage Finance

real estate platform

Acquisition

Friendly

mortage services

Completed

Single Bidder

Synopsis

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Activant Capital led a $160m investment in Better Holdco, a direct lender that provides online mortgage services. “Similar to how Amazon upended the retail industry, Better.com is digitally disrupting the $15tn mortgage industry through best-in-class technology, a commission-free business model and first-rate customer support,” said Vishal Garg, CEO and Founder of Better.com. “The capital we’ve raised will enable us to accelerate our investment in product development, grow our strategic partnerships, expand our team and scale our platform to continue making it easier for borrowers to get home financing.”

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