# Bayview to acquire Guild Holdings for $1.3 billion in all-cash deal

SAN DIEGO - Bayview Asset Management will acquire all outstanding shares of Guild Holdings Company (NYSE: GHLD) that it does not already own in an all-cash transaction valued at approximately $1.3 billion, representing about 1.3x the current market capitalization of $978 million, the mortgage company announced today.

Under the agreement, Guild stockholders will receive $20.00 in cash per share, representing a 56% premium to Guild’s closing stock price on May 23, 2025. The offer comes after Guild’s strong performance, with the stock showing a 23% return over the past six months. The Board of Directors also intends to authorize a special cash dividend of up to $0.25 per share prior to closing. According to InvestingPro, Guild maintains strong liquidity with a current ratio of 2.26, though the company has been experiencing negative free cash flow.

Following the acquisition, Guild will operate as a privately held independent entity in partnership with Lakeview Loan Servicing, a Bayview affiliate. The transaction is expected to close in the fourth quarter of 2025, subject to customary closing conditions. Guild brings significant scale to the partnership with annual revenue of $1.13 billion. InvestingPro subscribers can access detailed analysis and 7 additional key insights about Guild’s financial health and valuation metrics in the comprehensive Pro Research Report.

Guild’s management team, including Chief Executive Terry Schmidt, will remain in place, and the company will maintain its brand, business operations, and customer experience. McCarthy Capital Mortgage Investors has already provided the required stockholder approval for the transaction.

"Expanding the Guild relationship with Lakeview creates one of the strongest and most compelling mortgage origination and servicing ecosystems in the nation," said Schmidt in the press release.

The combination will align Guild’s retail origination model with Lakeview’s servicing portfolio of 2.8 million mortgage loans nationwide. Guild will continue to operate across 49 states and the District of Columbia.

Morgan Stanley is acting as financial advisor to Guild, while Goldman Sachs is advising Bayview on the transaction.

The acquisition comes as the mortgage industry continues to adjust to changing market conditions. This information is based on a company press release statement.

In other recent news, Guild Holdings Co. announced its first-quarter 2025 earnings, highlighting an adjusted earnings per share (EPS) of $0.35, which exceeded the consensus estimate of $0.24. However, the company reported revenue of $198 million, falling short of the projected $259.66 million. Despite these mixed results, the company achieved a 35% year-over-year increase in loan originations, amounting to $5.2 billion. Additionally, Guild Holdings expanded its servicing portfolio to $94 billion, underscoring its growth strategy. In terms of analyst activity, JMP analysts adjusted the price target for Guild Holdings to $15.50 from $16.50 while maintaining a Market Outperform rating. The revision followed the company’s first-quarter earnings report, which included a GAAP EPS of ($0.39) due to a significant fair value mark on the Mortgage Servicing Rights portfolio. Furthermore, Guild Holdings held its annual meeting where stockholders approved amendments to its Articles of Incorporation and ratified the appointment of KPMG LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025.

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