Mortgage Contracting Services, MCS, a leading provider of specialized services to financial institutions, is pleased to announce that it has completed a recapitalization of the company. The company’s new ownership comprise an investor group led by Littlejohn & Co., LLC, Lynstone SSF Holdings Sàrl, funds advised by Neuberger Berman Alternatives Advisers, and Crescent Capital Group.
“We remain 100% focused on delivering the best customer experience while providing the market with a comprehensive service offering,” said MCS Chief Executive Officer Caroline Reaves. “MCS is a strong business because of our employees, our customer relationships, our sound business model, and strong leadership team. We are excited to partner with our new owners to further strengthen our operations and remain the industry’s provider of choice.”
Weil, Gotshal & Manges LLP served as legal counsel, and Houlihan Lokey and Portage Point Partners served as financial advisors to the company in connection with the transaction. Wachtell, Lipton, Rosen & Katz served as legal counsel and MAEVA Group served as financial advisors to an ad hoc group of its existing lenders.