Items Tagged with 'Private equity firms'

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  • Private equity firm Thomas H. Lee Partners takes ownership stake in Guaranteed Rate

    Firm makes “material capital and strategic investment” in growing lender
    Back in October, private equity firm Thomas H. Lee Partners acquired a majority interest in Ten-X, the parent company of Auction.com, but that’s not the only significant investment in the housing industry that the firm is making this year. The firm is also investing in Guaranteed Rate and taking an ownership stake in the growing retail mortgage lender.
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  • Former Treasury Secretary Jacob Lew joins private equity firm

    Becomes partner at Lindsay Goldberg
    Former Department of the Treasury Secretary Jacob Lew is returning to the private sector. Lew, who served as Treasury secretary from 2013 through end of the Obama administration earlier this year, is joining Lindsay Goldberg, a private investment firm, as a partner.
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  • Private equity firm Thomas H. Lee Partners acquires majority interest in Ten-X

    Previous owners, including Google Capital, will hold minority share
    Ten-X, the parent company of Auction.com, has experienced significant growth ever since the company received a $50 million investment from Google Capital back in March 2014. Now, the company is setting the stage for its next phase. Ten-X announced Wednesday that Thomas H. Lee Partners, a private equity firm, is acquiring a majority stake in the company.
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  • LoyaltyExpress plans expansion after investment from New Capital Partners

    Will expand offerings, bring on additional staff
    LoyaltyExpress, a provider of marketing automation and CRM solutions for mortgage companies and banks, announced Wednesday that it secured an investment from New Capital Partners, a private equity firm focused on financial and health care services. LoyaltyExpress said that the company plans to use the money to grow it business.
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  • Distressed Mortgage Specialist Acquires Hedge Fund Stake

    Diversified Mortgage Workout Corp., a distressed subprime mortgage note acquisition specialist, said earlier this month that it has agreed to acquire a minority stake in a off shore hedge fund specializing in distressed mortgages, deep discounted/distressed mortgage bonds and distressed real estate properties.
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  • REDC Sells 50 Percent Interest to Stone Point Fund

    Irvine, Calif.-based property auction giant Real Estate Disposition Corporation, or REDC, said Thursday morning that that it had completed the sale of a 50 percent interest in the company to Trident IV, L.P., a private equity fund managed by Stone Point Capital LLC. Which means if you were wondering if REO auctions had entered the big time, you need wonder no more.
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  • Clayton Names New CEO

    Clayton Holdings, Inc. said Tuesday that it had named Paul Bossidy its new chief executive officer, effective immediately; the Shelton, Conn.-based company provides due diligence and asset management services to mortgage investors.
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  • $292 Million in Non-Performing Mortgages Up For Sale

    Because so many HW readers in the distressed mortgage space are looking for sellers: DebtX, a large full-service loan sale advisor, said Wednesday that it will look to manage the sale of more than $292 million in non-performing residential real estate loans next month. The portfolio will be offered in 19 separate pools and will bid on Sept. 18, according to a company statement.
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