Deals
Sixth Street Consortium to Be Buyer of UBS Mortgage Unit
- Sixth Street working with Davidson Kempner on transaction
- UBS seeking to dispose of or wind down unwanted CS assets
This article is for subscribers only.
A group of investors led by Sixth Street Partners has agreed to buy Credit Suisse’s US mortgage servicing business from UBS Group AG, according to people familiar with the matter.
Sixth Street is working with co-investor Davidson Kempner Capital Management on the deal to acquire UBS’s Select Portfolio Servicing, they said, asking not be identified because the details aren’t public. The sale is expected to close in the first quarter of 2025.