In a significant move within the financial sector, Flagstar Bank, N.A., a subsidiary of Flagstar Financial, Inc. (NYSE: FLG), has finalized the sale of its residential mortgage servicing and third-party origination business to Mr. Cooper Group Inc. for approximately $1.3 billion in cash. This transaction is poised to enhance Flagstar’s Common Equity Tier 1 (CET1) […]
Gemspring Capital Management, LLC, a prominent private equity firm focused on middle-market investments, has announced the successful closing of a single-asset continuation vehicle designed to acquire interests in Shrieve Chemical Company. The transaction was spearheaded by StepStone Group, a global leader in private markets investment, with additional backing from a wide array of new and […]
26North Partners LP, a next-generation alternatives investment firm founded by Josh Harris, has made a significant move by acquiring Onelife Fitness, a prominent health club operator known for its premium yet affordable fitness experiences. This acquisition positions 26North to capitalize on the growing consumer focus on health and wellness across the Mid-Atlantic and Southeastern United […]
Emera Inc., a globally recognised energy and services company headquartered in Halifax, Nova Scotia, has announced a significant deal involving the sale of its subsidiary, New Mexico Gas Company, Inc., to Bernhard Capital Partners for a total of $1.25 billion USD. This substantial transaction includes the assumption of approximately $500 million USD in debt and […]
Northern Oil and Gas, Inc. (NYSE: NOG) and Vital Energy, Inc. (NYSE: VTLE) have unveiled a joint acquisition of Point Energy Partners, LLC’s assets for $1.1 billion. This deal marks a significant expansion in both companies’ operational scope within the Delaware Basin, promising to enhance their portfolio with high-value development inventory. Major acquisition amplifies Delaware […]
Flagstar Bank, N.A., a subsidiary of New York Community Bancorp, Inc. (NYSE: NYCB), has announced a significant transaction involving the sale of its residential mortgage servicing business to Mr. Cooper (NASDAQ: COOP) for approximately $1.4 billion. This deal, set to close in the fourth quarter of 2024, includes the mortgage servicing rights and the third-party […]