.
MergerLinks Header Logo

Announced

Completed

Roc360 completed the acquisition of Civic Financial Services' origination assets from PacWest.

Financials

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

Tags

Edit

Majority

Single Bidder

Private

Completed

financial services

Friendly

Domestic

Acquisition

United States

Mortgage Finance

Synopsis

Edit

Roc360, a real estate financing firm, completed the acquisition of Civic Financial Services' origination assets, a financial services assets, from PacWest, a financial services compamy. Financial terms were not disclosed. "In the face of market difficulties, we continue to expand and develop more products and services for real estate investors. We believe that America's housing stock is severely undersupplied, with more than 50% of homes in deferred maintenance, lacking the modern-day energy efficiencies that our clients install with each loan they take from us. We will continue to prudently expand and invest for long-term solutions to these structural problems," Arvind Raghunathan, Roc360 Founder and Chief Executive Officer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US