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New Deal


Announced

Essent Group to acquire Agents National Title and Boston National Holdings from Finance of America Companies for $100m.

Financials

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Transaction Value£82m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Financial Data and Systems

Private

Single Bidder

United States

financial services

Majority

Domestic

Acquisition

Pending

Friendly

Synopsis

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Essent Group, a holding company, agreed to acquire bank holding and financial services companies Agents National Title and Boston National Holdings from Finance of America Companies, a consumer lending company, for $100m. “Title insurance is a natural complement to our MI business with relatively low and stable loss ratios historically. The acquisitions of Agents National Title and Boston National Title add a team of seasoned title professionals to Essent and provide a platform to leverage our capital position, lender network and operational expertise across an adjacent real estate sector as we continue to expand our franchise," Mark Casale, Essent Chairman and CEO.

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