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Lone Star Funds and Accredited Home Lenders to merge

National Mortgage Professional
Mar 24, 2014

Lone Star Funds and Accredited Home Lenders to mergeMortgagePress.comNon-prime mortgage companies

Accredited Home Lenders Holding Company (AHLHC) and Lone Star Fund V (U.S.) LP ("Lone Star") have announced that they have entered into a definitive merger agreement pursuant to which Lone Star has agreed to acquire all of the common stock of AHLHC in an all-cash transaction.

Under the terms of the agreement, Lone Star will acquire each outstanding share of AHLHC common stock at a price of $15.10 per share, for a total consideration of approximately $400 million on a fully diluted basis.

Lone Star is a private equity firm based in in Dallas. For more information, call (214) 754-8300 or visit www.lonestarfunds.com.

San Diego-based AHLHC is a non-prime mortgage company that operates throughout the United States and Canada. For more information, call (866) 858-5363 or visit www.accredhome.com.

Published
Mar 24, 2014