Bluestone Asia Pacific Officially Acquired By Cerberus Capital Management
Bluestone Mortgages has been officially acquired by Cerberus, marking a pivotal time for the business.
We’re thrilled to announce that Cerberus Capital Management, L.P., has officially acquired Bluestone Asia Pacific. The transaction has been in the works for some time and was recently finalised, to the excitement of everyone here at Bluestone.
The purchase validates the strength of our management team and our well-established loan origination and servicing platform. It also marks a pivotal time for our business as we step out from under our UK parent with lofty aspirations of growth in both the Australian and New Zealand non-bank lending markets.
The Cerberus acquisition will allow us to actively evolve our product portfolio and service offering. In the short-term, we will focus on actualising a number of expansion options that meet the demands of emerging sectors. In essence, our business will be expanding, and creating more solutions for brokers and borrowers.
Our current management team and staff will continue to conduct business as usual, and the day-to-day activities here at Bluestone will remain the same, with one exception: we have moved into a brand new office, with twice the capacity of our previous space. Our team of over 160 across APAC is flourishing, so we’re giving ourselves more room to grow!
We are looking forward to developing our relationship with Cerberus, who is one of the world’s leading private investment firms, based in New York City. With over $30 billion under management, they manage funds and accounts for many of the world’s most respected investors.
Overall, the transaction is a win for all involved. We’re proud to have a fantastic team who work incredibly hard to realise Bluestone’s goals. Together with Cerberus, we will deliver on our plans for the future. Stay tuned for bigger and better things to come!