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Rocket to Acquire Mr. Cooper in $9.4 Billion Deal
- Client News
- March 31, 2025
Paul, Weiss is advising 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 an all-stock transaction valued at $9.4 billion. With this acquisition, Rocket will bring its industry-leading mortgage recapture capabilities to a combined servicing book of $2.1 trillion across nearly 10 million clients, representing one in every six mortgages in the United States. The deal is expected to close in the fourth quarter of 2025, subject to customary closing conditions and regulatory approvals.
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 Robert Killip and Brad Okun; executive compensation partner Jean McLoughlin and counsel Cynthia Akard; antitrust partners Christopher Wilson, Scott Sher, Ross Ferguson and Marta Kelly, and counsel Todd Hahn; intellectual property partner Claudine Meredith-Goujon and counsel Elana Bensoul and Matthew Rosenberg; litigation partners John Carlin, Geoffrey Chepiga and Nicole Succar and counsel Audrey Paquet and Benjamin Klein; real estate partner Peter Fisch; and environmental counsel William O鈥橞rien.