Flexpoint Ford, a private equity firm, is set to acquire Baker Hill, a cloud-based loan origination fintech company. The acquisition aims to support Baker Hill’s client base and provide resources for product innovation and acquisitions.
Facts
- Flexpoint Ford, a private equity firm, is acquiring Baker Hill, a cloud-based loan origination, risk management, and analytics software company.
- Baker Hill operates a single platform Software-as-a-Service (SaaS) solution for consumer, commercial, and small business loan origination, with built-in risk management functionalities.
- Baker Hill is a portfolio company of The Riverside Company, a global investment firm.
- Through the acquisition, Baker Hill will receive support from Flexpoint Ford in serving its growing client base and gain access to the firm’s experienced fintech team and capital for product innovations and acquisitions.
- Baker Hill’s president and CEO, John Deignan, and the existing leadership team will continue to lead the business and remain shareholders in the company.
- Arjun Thimmaya, managing director of Flexpoint Ford, expressed that the company’s growth is a result of its differentiated software provided to over 400 financial institution clients. Flexpoint Ford plans to invest in product development and acquisitions to enhance the platform’s capabilities.
- The transaction is expected to close following customary regulatory approvals.
