Rocket Acquires Mr. Cooper in $14.2 Billion Deal

Paul, Weiss advised Rocket Companies, a Detroit-based fintech platform that includes mortgage, real estate, title and personal finance businesses, in its acquisition of Mr. Cooper Group Inc. in a transaction valued at $14.2 billion. This acquisition brings together the country’s largest home loan originator and the largest mortgage servicer, which together will have a combined servicing portfolio of nearly 10 million homeowners. As part of the deal, Mr. Cooper and all of its servicing functions will be rebranded under the Rocket umbrella.

The Paul, Weiss team is led by corporate partners Laura Turano, Cristina Amodeo and Scott Barshay, and includes partners Christodoulos Kaoutzanis, Charles Pesant, John Kennedy and Timothy Cruickshank and counsel Gabriella Toossi; tax partners Brad Okun and Robert Killip; antitrust partners Christopher Wilson, Scott Sher, Ross Ferguson, Marta Kelly and Yuni Sobel, and counsel John Magruder and Todd Hahn; executive compensation partner Jean McLoughlin and counsel Cynthia Akard; intellectual property partner Claudine Meredith-Goujon, and counsel Elana Bensoul and Matthew Rosenberg; litigation partners John Carlin, Geoffrey Chepiga and Jacobus Schutte, and counsel Audrey Paquet and Benjamin Klein; real estate partner Peter Fisch; and environmental counsel William O’Brien.