The Online Investor
Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 11, 8:16 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #79. Walter Investment Management Corp. Security One Lending

Acquirer: Walter Investment Management Corp. (WAC)
Acquiree: Security One Lending
Details: Walter Investment Management Corp. announced the signing on December 31, 2012 of a definitive agreement to acquire 100% of the stock of Security One Lending ("S1L") in a transaction valued at up to $31 million. The purchase price consists of $20 million in cash paid at the time of signing and up to an $11 million additional earn out to be paid upon the achievement by S1L of certain designated performance targets over the next twelve months. Closing is contingent upon the receipt or waiver of required regulatory approvals and other consents. Based on a full $31 million purchase price and estimated results pro forma for expected synergies with the Company's Reverse Mortgage Solutions subsidiary ("RMS"), the acquisition represents a 2x multiple of 2012 EBITDA and approximately 1x 2013 estimated EBITDA. The transaction is expected to be immediately accretive to Walter Investment.

Ditech Holding is a servicer and originator of mortgage loans. Co. services a range of loans across the credit spectrum for its own portfolio and for government sponsored enterprises, government agencies, third-party securitization trusts and other credit owners. Co.'s segments are: Servicing, which performs servicing for its mortgage loan portfolio and on behalf of third-party credit owners, performs subservicing for third-party owners, and operates complementary businesses including collections of post charge-off deficiency balances; and Originations, which originates and purchases mortgage loans through consumer originations, correspondent lending, and wholesale lending.

Open the WAC Page at The Online Investor »

Company Name: 
Ditech Holding Corp
Website: 
www.walterinvestment.com
Sector: 
Credit Services & Lending
 

Open the WAC Page at The Online Investor (in a new window) »

Quotes delayed 20 minutes



Sell (1.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
powered by Xignite

Credit Services & Lending M&A - Slide 79 of 100 Page | www.TheOnlineInvestor.com

Copyright © 1998 - 2021, All Rights Reserved
Nothing in The Online Investor is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and stock market videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact The Online Investor; Meet Our Editorial Staff.