M&A Deal Summary

Higher One Holdings Acquires Sallie Mae - Campus Solutions Division

On May 7, 2013, Higher One Holdings acquired internet software and services company Sallie Mae - Campus Solutions Division from Sallie Mae Bank for 47M USD

Acquisition Highlights
  • This is Higher One Holdings’ 1st transaction in the Internet Software and Services sector.
  • This is Higher One Holdings’ largest (disclosed) transaction.
  • This is Higher One Holdings’ 2nd transaction in the United States.
  • This is Higher One Holdings’ 1st transaction in Massachusetts.

M&A Deal Summary
Date 2013-05-07
Target Sallie Mae - Campus Solutions Division
Sector Internet Software and Services
Buyer(s) Higher One Holdings
Sellers(s) Sallie Mae Bank
Deal Type Divestiture
Deal Value 47M USD

Target

Sallie Mae - Campus Solutions Division

Boston,, Massachusetts, United States
Sallie Mae’s Campus Solutions provides business-to-business solutions, including e-commerce and billing payment solutions, refund disbursement services, and tuition payment plan administration, to college and university business offices across the country.

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Buyer(S) 1

Buyer

Higher One Holdings

New Haven, Connecticut, United States
Category Company
Founded 2000
Sector Business Services
Employees1,300
Revenue 158M USD (2015)
DESCRIPTION

Higher One Holdings, Inc. is a provider of electronic financial disbursement and payment solutions for universities and their students that save the time and expense associated with handling financial aid refunds, on-campus and community purchases, payment collections, and more.

DEAL STATS #
Overall 2 of 3
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 2
State (Massachusetts) 1 of 1
Country (United States) 2 of 3
Year (2013) 1 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-08-10 Campus Labs

Buffalo, New York, United States

Campus Labs is a provider of assessment tools for colleges and universities. Campus Labs provides a software platform for colleges and universities to make data-driven, strategic decisions ranging from accreditation to student retention to effective operations. Campus Labs was founded in 2001 and is based in Buffalo, New York.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-08-01 PayDivvy - Social Bill Pay Software

Irvine, California, United States

PayDivvy Social Bill Pay Software provides a more effective way for college students to make person-to-person payments and manage the payment of bills with roommates or other groups.

Buy -

Seller(S) 1

SELLER

Sallie Mae Bank

Murray, Utah, United States
Category Company
Founded 2005
Sector Financial Services
DESCRIPTION

Sallie Mae Bank is a provider of education loans to students and their families.

DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Massachusetts) 1 of 1
Country (United States) 1 of 1
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
Mergr

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