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New Deal


Announced

Completed

Ready Capital completed the merger with Anworth Mortgage Asset in a $292m deal.

Financials

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Transaction Value£217m
Consideration TypeCash, Ordinary Shares
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Public

Friendly

Merger

Domestic

Majority

Single Bidder

specialty finance REIT

Mortgage REITs: Residential

United States

Private Equity

Completed

Synopsis

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Ready Capital, a multi-strategy real estate finance company, completed the merger with Anworth Mortgage Asset, a specialty finance REIT that focuses primarily on investments in residential mortgage-backed securities, in a $292m deal. “The closing of the merger with Anworth will better position us to continue to grow and improve operating and cost efficiencies to establish Ready Capital as an industry-leading mortgage REIT with a diversified platform,” Thomas Capasse, Ready Capital Chairman and CEO. On March 17, 2021, Anworth stockholders approved merger with Ready Capital.

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