Select Portfolio Servicing Moves Forward with New Ownership As Sixth Street and Davidson Kempner Lead Acquisition

Deal News | Apr 30, 2025 | Sixth Street Partners

Select Portfolio Servicing (SPS), a leading mortgage servicing solutions provider based in Salt Lake City, Utah, has completed its acquisition by a consortium led by Sixth Street Partners, with Davidson Kempner Capital Management as part of the group. SPS is renowned for managing a portfolio exceeding $200 billion in unpaid principal balance, making it one of the largest in the U.S. The acquisition denotes a significant shift for the organization, as articulated by CEO Randhir Gandhi, emphasizing the new chapter and growth potential through this partnership which aligns with SPS’s mission to deliver overachieving servicing solutions. Sixth Street, a global investment firm with over $100 billion in assets under management, emphasized its strategic vision and investment capabilities to foster innovation alongside partners like SPS, showcasing growth across the mortgage servicing market.

Sectors

Financial Services
Private Equity
Investment Management

Geography

United States – The operations and headquarters of Select Portfolio Servicing are located in the United States, which is the locus of its business and the described transaction.

Industry

Financial Services – The article pertains to the acquisition of a mortgage servicing solutions provider, which is a part of the financial services industry, focusing on loan servicing and related activities.
Private Equity – Involved in the acquisition is Sixth Street Partners, a prominent private equity firm, indicating activity within the private equity industry.
Investment Management – Davidson Kempner Capital Management, an investment firm, is also involved in the acquisition, highlighting the role of investment management operations in the transaction.

Financials

$200 billion – The unpaid principal balance managed by Select Portfolio Servicing in their servicing portfolio.
$100 billion – Assets under management and committed capital by Sixth Street Partners.

Participants

Name	Role	Type	Description
Select Portfolio Servicing, Inc.	Target	Company	A premier mortgage servicing solutions provider in the United States, managing over $200 billion in UPB.
Sixth Street Partners	Bidding Companybuying	Company	A global investment firm leading the consortium to acquire SPS, with significant assets under management.
Davidson Kempner Capital Management LP	Other Company	Company	Part of the consortium with Sixth Street in the acquisition, Davidson Kempner is known for investment management activities.
Randhir Gandhi	CEO	Person	Chief Executive Officer of Select Portfolio Servicing, leading the company through this acquisition phase.