Deals
Altisource Is Said to Tap Guggenheim for Lenders One Sale
- Origination arm will likely draw interest from PE, strategics
- Divestiture comes amid boom of activity in origination space
Photographer: Bing Guan/Bloomberg
This article is for subscribers only.
Altisource Portfolio Solutions S.A., a tech-enabled mortgage services company, is working with Guggenheim Partners on a potential sale of its origination business amid a boom in activity among lending platforms, according to people with knowledge of the matter.
The investment bank began reaching out this week to potential buyers for Lenders One, said the people, who asked not to be identified because the information isn’t public. The unit is expected to draw interest from strategic and private equity suitors, the people said.