Announced
Financials
Tags
mortgage services
Pending
United States
Mortgage Finance
Cross Border
Single Bidder
Private
Private Equity
Majority
Friendly
Acquisition
Synopsis
A consortium consisting of Littlejohn & Co, Lynstone SSF, Neuberger Berman and Crescent Capital agreed to acquire Mortgage Contracting Services, a provider of specialized services to financial institutions. Financial terms were not disclosed. "We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering. MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry's provider of choice," Caroline Reaves, MCS CEO.
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