"Simpson Thacher Advises Sixth Street-Led Consortium in Acquisition of Select Portfolio Servicing from UBS"

"Simpson Thacher advised a buyer consortium led by Sixth Street and including Davidson Kempner Capital Management LP in the acquisition of Select Portfolio Servicing (SPS) from UBS Group AG. SPS is a major mortgage servicing provider in the U.S., managing over 900,000 loans worth more than $200 billion. The legal team involved included experts in various fields such as M&A, tax, executive compensation, intellectual property, real estate, insurance, and antitrust."

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

"Simpson Thacher Advises Sixth Street-Led Consortium in Acquisition of Select Portfolio Servicing from UBS"

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