.
MergerLinks Header Logo

New Deal


Announced

Completed

Veritex Holdings completed the acquisition of a 49% stake in Thrive Mortgage for $54m.

Financials

Edit Data
Transaction Value£38m
Consideration TypeCash
Capital Owned-
Capital Bid For49%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

United States

business loans

Domestic

Single Bidder

Private

Friendly

Consumer Lending

Minority

Acquisition

Completed

Synopsis

Edit

Veritex Holdings, a bank holding company, completed the acquisition of a 49% stake in Thrive Mortgage, a company arranging loans for others on a commission or fee basis, for $54m. “With a similar culture and alignment of values, Veritex has helped Thrive grow by understanding our business and assisting Thrive with tailored financing, including construction warehouse lending. This expanded partnership, while retaining our nimble operating practices, will allow us to better serve our customers and employees with unequaled products and positions the company for a strong decade of growth," Roy Jones, Thrive Chairman and CEO.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US