Deals
Pretium Partners Buys Mortgage Servicer Founded by Lewis Ranieri
- Deal includes title company, dilligence and advisory firm
- Pretium, founded by Donald Mullen, expands bet on mortgages
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Pretium Partners LLC is buying Selene Finance LP, a residential mortgage servicer, from funds managed by Oaktree Capital Management LP and Ranieri Partners LLC.
The deal for Selene also includes a title-services company and a third-party diligence and advisory-service firm. Pretium was founded in 2012 by former Goldman Sachs Group Inc. partner Donald Mullen, who oversaw Goldman’s bet against the U.S. subprime market.