Cenlar Acquired by PennyMac Financial Services | Financial Services M&A Deal

PennyMac Financial Services has acquired Cenlar, a payments processing business in California, for $459 million. Cenlar supports mortgage-related payments processing and servicing operations, strengthening PennyMac Financial Services acquisitions in financial services M&A. The PennyMac Financial Services acquires Cenlar platform acquisition expands payments processing capabilities and CA acquisitions footprint for strategic acquisition goals. The announced strategic acquisition is structured as a platform acquisition within financial services deals CA, with deal size reported at $459mm and additional consideration figures disclosed in the filing.