Putting new vinyl siding might make it look nice if H.I.G. Quicken needs a new kitchen, bathrooms, central air and upgraded boiler – in other words a complete gutjob. With the sale of Quicken, it’s akin to the old house that needs upgrading to modern standards. Especially with a YoY declining revenue base. If I were willing to make a guestimate, I would guess Quicken sold for around $200–300 million and hope certainly for under $500 million. Unfortunately terms of the sale were not disclosed. Just to give you perspective, Quicken in 2015 generated under $51 million in revenue for Intuit. Capital according to Wikipedia has $19 billion of equity capital under management. We may receive compensation when you click on links to those products or services This article/post contains references to products or services from one or more of our advertisers or partners.
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