Renovo Capital Takes Stake In Foreclosure Site RealtyTrac

Law360, New York (November 29, 2011, 6:35 PM EST) -- Renovo Capital LLC, a private equity firm that directs its investments toward distressed companies, has acquired a substantial but unspecified stake in foreclosed-property hub RealtyTrac, which the website will put toward an expansion of its data collection services, it said Tuesday.

The size of the investment was not immediately clear, but RealtyTrac said in a statement that it would yield much-needed capital for the growth and expansion of its online real estate transaction service. The company said it was particularly focused on its foreclosure data collection...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.