Acquiring Company
Ellington Financial
Acquired Company
Longbridge Financial
GreenwichFinancial ServicesReal EstateFinanceLendingBankingFinancial ServicesSportsDescription
Ellington Financial Inc. (NYSE: EFC) (“Ellington Financial”), a real estate investment trust investing in a diverse array of financial assets including residential and commercial mortgage loans, and Longbridge Financial, LLC (“Longbridge”), an industry-leading, national reverse mortgage loan originator and servicer, today announced that Ellington Financial has entered into a definitive agreement to purchase an additional 49.6% ownership interest in Longbridge from Home Point Capital Inc. for approximately $75 million. Following the closing of the transaction, Ellington Financial, which has been an investor in Longbridge since 2014, will hold substantially all of Longbridge’s equity.
Quick answer
Ellington Financial is acquiring Longbridge Financial, announced February 23, 2022. Ellington Financial is based in Greenwich, Connecticut, United States.
- How much did Ellington Financial pay for Longbridge Financial?
- The deal value was not disclosed.
- What does Ellington Financial do?
- Ellington Financial invests in a diverse array of financial assets, including residential and commercial mortgage loans, residential and commercial mortgage-backed securities, consumer loans and asset-backed securities..
- Where are Ellington Financial and Longbridge Financial based?
- Ellington Financial is based in Greenwich, Connecticut, United States.
Source: Fundz verified event record.
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Who to call at Ellington Financial, and when
When Ellington Financial changes hands, the new owners review vendors, systems and leadership. That is when the door opens.
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- The decision-makers there, with verified emails
- Who you already know at Ellington Financial, from your own LinkedIn network
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Frequently asked
Who acquired Longbridge Financial?
Longbridge Financial was acquired by Ellington Financial, based in Greenwich. The deal was reported on February 23, 2022. Ellington Financial is publicly traded (EFC) and operates in Financial Services.
When did Ellington Financial acquire Longbridge Financial?
Ellington Financial's acquisition of Longbridge Financial was reported on February 23, 2022. Ellington Financial Inc. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Longbridge Financial do?
Longbridge Financial is a highly rated national reverse mortgage lender and servicer that helps seniors responsibly utilize their hard-earned home equity to improve their retirement and address the financial challenges affecting so many older Americans. It is privately held, operating in Financial Services.
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