TPG Mortgage Investment Trust and Cherry Hill Mortgage Investment Corporation Announce Definitive Merger Agreement
The deal adds mortgage servicing rights and is expected to lift the combined market capitalization by 36% and create about $750 million in equity capital.
9 Articles
9 Articles
Global private equity firm Texas Pacific Group (TPG) is acquiring Lotte Rental, Korea's top car rental company. It is understood that TPG signed a memorandum of understanding (MOU) for the acquisition of management rights approximately two months ago, in late May, and has been continuing exclusive negotiations. According to investment banking (IB) industry sources on the 11th, TPG is expected to sign a Stock Purchase Agreement (SPA) for the acqu…
TPG mortgage REIT to merge with Cherry Hill
The separate residential mortgage REITs of TPG and Cherry Hill are set to merge in a $117.5m (£86.9m) deal. TPG Mortgage Investment Trust (MITT) is set to acquire Cherry Hill Mortgage Investment Corporation, it announced on 10 August. Upon completion, the combined company will continue to operate as TPG Mortgage Investment Trust, led by MITT’s […] The post TPG mortgage REIT to merge with Cherry Hill appeared first on Alternative Credit Investor.
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