Default Management, ICE Sign Deal
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IRVINE — ICE Holdings Inc. of Playa del Rey has signed an agreement to acquire a majority stake in Default Management Network Inc., Irvine.
ICE Holdings said it will provide $2 million in working capital via a line of credit to Default Management, which is developing a network to connect real estate loan origination and servicing institutions with providers involved in processing distressed real estate loans. Additional terms weren’t disclosed, but ICE Holdings said it plans to close the deal shortly.
ICE Holdings acquires emerging technology companies.
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