Filed under: Engagements, Investments

Just when you thought that anything tied to mortgages and any business around servicing them was a dead game, you get corrected. The Riverside Company, a private equity firm, has acquired a majority interest in Training Pro for an undisclosed amount of capital.

Guess what they offer. TrainingPro offers leading mortgage education and compliance services and given recent attention to mortgage brokerage and lending, states are likely to adopt regulation legislation, expanding the customer base for mortgage education providers.

One of Riverside’s Managing Partners said in the press release that the education-solutions provider offers the necessary tools for mortgage professionals nationwide

Citi Capital Strategies acted as the sole financial adviser for TrainingPro.

What is interesting here is that if you look at the new comprehensive regulations that the administration proposed over the weekend and this morning, this looks like it will be right up their alley.

Share This

This entry was posted on Tuesday, April 1st, 2008 at 4:12 pm and is filed under Engagements and Deals News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.