Stone Point and Warburg Pincus Explore Sale of EverBank Three Years After TIAA Acquisition

Stone Point Capital and Warburg Pincus are exploring a sale of EverBank, the Jacksonville-based lender they acquired from TIAA in a deal that closed August 1, 2023, the Wall Street Journal reports. TIAA retained a minority, non-controlling stake. No deal is assured; the process is exploratory. A sale would test whether EverBank's new specialty-lending divisions justify a premium valuation.