M&A - Anywhere Real Estate Group LLC
Form Type: 8-K
Filing Date: 2025-04-01
Corporate Action: Acquisition
Type: New
Accession Number: 000139898725000053
Filing Summary: On April 1, 2025, Anywhere Real Estate Group LLC entered into a material definitive agreement with RE Closing Buyer Corp. and Secured Land Transfers LLC concerning the acquisition of preferred equity stakes in two subsidiaries, Independence Title and TitleOne. The transactions included the sale of 10% equity in each subsidiary for a total purchase price of $18,800,000 which values the agencies at an aggregate enterprise value of $188 million. The Buyer is granted rights to purchase the remaining 90% of equity in the subsidiaries until the third anniversary of the Closing Date, with specific repurchase terms outlined for the Seller thereafter. The document emphasizes the importance of equity ownership structures and minority protections outlined in the amended and restated LLC Agreements. Key executives signed the report, marking the completion of this acquisition transaction.
Document Link: View Document
Additional details:
Selling Entity: Secured Land Transfers LLC
Buyer Entity: RE Closing Buyer Corp.
It Preferred Equity Percentage: 10%
It Purchase Price: $7,359,800
To Preferred Equity Percentage: 10%
To Purchase Price: $11,440,200
Aggregate Enterprise Value: $188 million
Purchase Right Expiration: third anniversary of the Closing Date
Repurchase Conditions: after the third anniversary and until the fifth anniversary of the Closing Date
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