Simpson Thacher represented a consortium of buyers led by Sixth Street and including Davidson Kempner Capital Management LP in connection with its acquisition of Select Portfolio Servicing (“SPS”) from UBS Group AG.
SPS is one of the largest mortgage servicing solutions providers in the United States with a portfolio of over 900,000 loans for over $200 billion in unpaid principal balance and operates an approved third-party securitization due diligence firm, a national residential mortgage brokerage company, and a licensed appraisal management company.
The Simpson Thacher team included Ravi Purushotham, Makala Kaupalolo, Scott Turtur and Molly (Yun-Wen) Tsang (M&A–FIG); Russell Light, Caroline Phillips and Matthew Lester (Tax); Tristan Brown, Harry Hudesman, Matias Botto and Mtume Sangiewa (Executive Compensation and Employee Benefits); Lori Lesser, Bobbie Burrows and Dewey Kang (IP); Dennis Loiacono (Real Estate); Steven DeLott (Insurance); and Peter Guryan, Richard Jamgochian and Kelly Karapetyan (Antitrust).