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New Deal


Announced

Sourcepoint to acquire The StoneHill Group.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Mortgage Finance

Single Bidder

Friendly

United States

Majority

Pending

mortgage

Acquisition

Domestic

Private

Synopsis

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Sourcepoint, a provider of outsourced mortgage services, agreed to acquire The StoneHill Group, a provider of loan quality control and mortgage process outsourcing. Financial terms are not disclosed. "This acquisition is very complementary and provides us adjacent capabilities in the mortgage value chain. It enables us to scale the business by leveraging the strong demand for residential mortgage loan trading and securitization. We're particularly excited about integrating the offerings of our companies to provide the best-in-class, end-to-end mortgage solutions to both mid- and large market customers," Vipul Khanna, Firstsource Solutions CEO.

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