MR Default

The Company

Headquartered in Roswell, Georgia, MR Default Services (the “Company”) processes foreclosure and bankruptcy proceedings on behalf of mortgage bankers and other creditors. The Company also provides related services such as title and tax examinations and records management.

The Situation

The owners of MR Default Services believed that there were many untapped opportunities to grow the Company and were seeking both liquidity and access to capital to accelerate growth. MR Default Services retained KPMG Corporate Finance as its exclusive advisor to carve out and sell the Company.

The Transaction

KPMG Corporate Finance conducted a competitive process to identify the optimal counterparty that would enable the owners to achieve their objectives and position the Company for future growth. KPMG Corporate Finance developed significant interest through a controlled auction, coordinated management meetings and due diligence, and assisted the owners in successfully negotiating the sale to Great Hill Partners, a Boston-based private equity fund. KPMG Corporate Finance’s knowledge of the industry, experience conducting middle market transactions, and strong relationships with a broad range of financial sponsors were key to its ability to deliver superior financial advice and to consummate a complex carve-out transaction.