"Bayview Asset Management has closed its acquisition of Guild Holdings Company, the parent of Guild Mortgage, in a deal that takes the lender private and removes it from the New York Stock Exchange. The transaction was finalized on November 28, according to a new 8-K filing. Under the agreement, shareholders received $20 per share in cash, and all outstanding RSUs and PSUs were also settled for cash."
"Bayview, already a minority shareholder, agreed earlier this year to acquire the remaining stake in a deal that valued Guild at roughly $1.3 billion, a significant premium to the company's share price before the announcement. In a press release, Guild CEO Terry Schmidt said, Joining Bayview's platform strengthens Guild's commitment to grow our national brand, and it creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation."
Bayview Asset Management completed its acquisition of Guild Holdings Company on November 28, taking Guild Mortgage private and removing its Class A stock from the NYSE. Shareholders received $20 per share in cash and all outstanding RSUs and PSUs were settled for cash. Guild will operate as a privately held independent entity of Bayview MSR Opportunity (U.S.) Master Fund, L.P., which also owns Lakeview Loan Servicing. The deal valued Guild at roughly $1.3 billion and represented a significant premium to prior share prices. Guild's executive team will remain, the brand will be retained, and originations totaled $5.1 billion in Q1 2025.
Read at www.housingwire.com
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