Mr. Cooper Group Acquires Home Point Capital
July 31, 2023
Mr. Cooper Group Inc. completed a tender-offer acquisition of Home Point Capital Inc., acquiring approximately 98.5% of outstanding shares and merging Home Point into a Mr. Cooper subsidiary to make it a wholly owned subsidiary. The deal (previously announced at ~$324 million) increases Mr. Cooper's scale in mortgage origination and servicing and includes the assumption of $500 million in bonds while not materially impacting liquidity.
- Buyers
- Mr. Cooper Group Inc.
- Targets
- Home Point Capital Inc.
- Sellers
- Home Point Capital Inc. shareholders
- Industry
- Financial Services
- Location
- Michigan, United States
- Transaction Type
- Buyout
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