The San Diego-based mortgage lender Guild Holdings Company (NYSE: GHLD) has announced it is being acquired by a fund managed by Bayview Asset Management LLC in an all-cash transaction valued at approximately $1.3 billion.
Upon completion of the transaction, Guild will operate as a privately held independent entity in close partnership with Lakeview Loan Servicing LLC, a Bayview affiliate. Under the terms of the agreement, Guild stockholders will receive $20.00 in cash for each share of Guild common stock they hold.
“Expanding the Guild relationship with Lakeview creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation,” said Guild CEO Terry Schmidt. “Our expertise in distributed retail origination, retained servicing, and the customer-for-life balanced business model makes this a complementary partnership that has powerful potential for growth and innovation.”
“We are pleased to forge a stronger strategic partnership between Lakeview and Guild through this transaction, and look forward to expanding opportunities and delivering exceptional service to our customers,” added Juan Gonzalez, managing director and CEO of Lakeview Originations. “With each company’s different strengths and areas of expertise, this collaboration will form one of the most dynamic mortgage origination and servicing platforms in the industry.”
