Bayview Asset Management completed the acquisition of HomeVestors of America from Levine Leichtman Capital Partners.

Bayview Asset Management, a global investment management firm focused specifically on investments in finance, mortgage, and consumer credit, completed the acquisition of HomeVestors of America, a real estate investment franchisor, providing services and education to franchisees seeking to operate their own independent, residential real estate investment business, from Levine Leichtman Capital Partners, a private equity firm. Financial terms were not disclosed. “We could not be more grateful for LLCP’s support over the course of our partnership. LLCP’s experience in franchising was key to our choice of a private equity partner given their quick understanding of our business and ability to offer valuable insight and guidance. We have appreciated LLCP’s support in advancing our strategic initiatives and have benefitted greatly from the collaboration. While we will miss LLCP and their valuable strategic additions to the Company, we believe that HomeVestors’ best days are ahead of us, and we look forward to executing on that growth alongside Bayview,” David Hicks, HomeVestors CEO.