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Announced

Completed

Mr. Cooper completed the acquisition of Roosevelt Management.

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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Private

Mortgage REITs: Residential

Majority

Acquisition

United States

Domestic

investment

residental

Friendly

Single Bidder

Completed

Synopsis

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Mr.Cooper, a non-bank mortgage originator and servicer, completed the acquisition of Roosevelt, a New York-based investment management firm. Financial terms were not disclosed. “We are happy to welcome the talented Roosevelt team to Mr. Cooper, and we look forward to leveraging their knowledge and expertise as we execute on our asset management strategy," Jay Bray, Mr. Cooper Chairman and CEO.

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