Levine Leichtman Capital Partners (LLCP), a Los Angeles-based private equity firm, has sold its portfolio company HomeVestors of America (HomeVestors) to funds managed by Bayview Asset Management (Bayview), a global investment management firm focused specifically on investments in finance, mortgage and consumer credit.
HomeVestors generates proprietary real estate investment opportunities through advertising campaigns that utilise the “We Buy Ugly Houses” national brand. HomeVestors was founded in 1996 and is headquartered in Dallas, Texas.
The sale of HomeVestors is LLCP’s seventh successful exit in the last year, following West Academic, Best Lawyers, Caring Brands, FlexXray, Trinity Consultants and Nothing Bundt Cakes.
William Blair & Company served as the lead financial advisor to HomeVestors, with support from North Point, and Kirkland & Ellis LLP served as legal counsel to HomeVestors with support from Locke Lord LLP in connection with the sale.
