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New Deal


Announced

Completed

Mr. Cooper completed the acquisition of Home Point Capital for $324m.

Financials

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Transaction Value£256m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Public

Single Bidder

Mortgage Finance

United States

mortgage services

Majority

Friendly

Acquisition

Domestic

Completed

Synopsis

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Mr. Cooper, a customer-centric servicing, origination and transaction-based services provider, completed the acquisition of Home Point Capital, a residential mortgage servicing company, for $324m. "This acquisition adds scale to our platform, bringing us closer to our $1tn strategic target, while enhancing returns due to attractive yields and positive operating leverage," Jay Bray, Mr. Cooper Chairman and CEO.

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