Kirkland Represents Sagent on Acquisition of Mr. Cooper’s Cloud-Based Technology Platform For Mortgage Servicing

Kirkland & Ellis advised Sagent M&C, LLC, a Warburg Pincus-backed fintech software company, on its acquisition of certain intellectual property rights related to Mr. Cooper Group Inc.’s proprietary, cloud-based technology platform for mortgage servicing. As part of the agreement, Mr. Cooper, one of the largest home loan servicers in the country, will receive an equity stake in Sagent. The transaction creates the industry’s first cloud-native, homeowner-first servicing platform.     

Read the Sagent press release

The Kirkland team was led by corporate partner Keri Schick Norton and associates Sumer Marquette and Jimin He, with support from partner Jai Agrawal, and technology & IP transactions partners Adam Petravicius and Jeffrey Seroogy.