[1]New York-based private equity firm Aquiline Capital Partners [2] has signed a definitive agreement to become majority investor in Colorado's LenderLive Network, Inc. [3], both companies announced this week.
As an end-to-end mortgage services provider, LenderLive serves more than 300 financial institutions, including some of the world's largest commercial and investment banks and top-tier mortgage lenders.
With Aquiline's guidance, LenderLive hopes to push its growth to new heights, said CEO Rick Seehausen.
"Aquiline has financial services operating experience and a reputation for building value within their portfolio companies," Seehausen said. "Aquiline will provide the strategic guidance and resources to accelerate our growth and support the continued development of the technology and solutions that provide our clients with competitive and compliance advantages in the market."
"Increased market complexity and heightened regulation are driving demand for compliant, cost-effective residential mortgage solutions," said Jeff Greenberg, CEO of Aquiline. "We are excited to be partnering with Rick and his team to support LenderLive's core business and strategic growth initiatives in the mortgage services industry."
The transaction is subject to customary closing conditions, according to the firms. Terms were not disclosed.