Deals
Starwood Said in Talks to Sell $14.8 Billion Loan Servicer
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Starwood Property Trust Inc. plans to sell its European real estate loan servicing business Hatfield Philips International and has chosen Situs Group LLC as the preferred bidder, two people with knowledge of the matter said.
HPI, which manages about 11.3 billion pounds ($14.8 billion) of loans in 15 countries, will bolster the European business of Houston-based Situs, which was acquired last year by private-equity firm Stone Point Capital LLC, the people said, asking not to be identified because the matter hasn’t been finalized. Representatives of Starwood and Situs declined to comment.