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M&A Deal Summary

Sallie Mae Acquires Student Loan Finance Association

On December 14, 2004, Sallie Mae acquired financial services company Student Loan Finance Association

Acquisition Highlights
  • This is Sallie Mae’s 4th transaction in the Financial Services sector.
  • This is Sallie Mae’s 5th transaction in the United States.
  • This is Sallie Mae’s 1st transaction in Washington.

M&A Deal Summary
Date 2004-12-14
Target Student Loan Finance Association
Sector Financial Services
Buyer(s) Sallie Mae
Deal Type Add-on Acquisition

Target

Student Loan Finance Association

Seattle, Washington, United States
Student Loan Finance Association, is a Northwest regional provider in education loan funding and acquisition.

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Buyer(S) 1

Buyer

Sallie Mae

Newark, Delaware, United States
Category Company
Founded 1972
Sector Financial Services
Employees1,740
Revenue 1.8B USD (2023)
DESCRIPTION
Entrance to SallieMae's corporate headquarters in Newark, Delaware.
Entrance to SallieMae's corporate headquarters in Newark, Delaware.

Sallie Mae is a private student lending company that provides financing and know-how to support access to college and offers products and resources to help customers make new goals and experiences, beyond college, happen. Sallie Mae was founded in 1972 and is based in Newark, Delaware.

DEAL STATS #
Overall 5 of 8
Sector (Financial Services) 4 of 4
Type (Add-on Acquisition) 4 of 6
State (Washington) 1 of 1
Country (United States) 5 of 8
Year (2004) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-09-17 Arrow Financial Services

Niles, Illinois, United States

Arrow Financial Services LLC is a full-service accounts receivable management company that purchases charged-off debt, conducts contingency collection work and performs third-party receivables servicing across a number of consumer asset classes.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-06-01 Upromise

Newton, Massachusetts, United States

Upromise, Inc. operates a multi-company loyalty program that allows members to direct their everyday purchases to selected vendors to earn cash rebates in a tax-free savings vehicle to finance their children's college education. Upromise also offers its own 529 College Savings product sponsored by the State of Nevada directly to its customers, in partnership with Vanguard. Upromise is based in Newton, Massachusetts.

Buy -
Mergr

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