Bayview Asset Management LLC, a global investment firm focused on finance, mortgage and consumer credit investments, has acquired HomeVestors of America Inc., a portfolio company of Levine Leichtman Capital Partners private equity.

HomeVestors is a real estate investment franchisor that provides services and education to franchises looking to operate their own residential real estate investment business. The firm concentrates on its proprietary real estate investment opportunities through “we buy ugly houses” advertising campaigns.

“HomeVestors has an exciting future as the leading franchisor of real estate investment services and largest home buyer in the U.S., and we wish the team continued success,” said Matthew Frankel, LLCP managing partner.

William Blair & Company served as the lead financial advisor to HomeVestors, with support from North Point, and Kirkland & Ellis LLP served as legal counsel to HomeVestors with support from Locke Lord LLP in connection with the sale.