At a time when “privatization” is a hot buzzword in the mortgage industry, Ellie Mae has entered into a definitive agreement that will make the cloud-based mortgage platform provider a privately owned company.
Thoma Bravo, LLC, a leading private equity investment firm, will acquire Ellie Mae in an all-cash transaction worth approximately $3.7 billion, according to a press release.
Find out more details about the agreement and what must happen for the transaction to close.