M&A Deal Summary

Nelnet Acquires CUnet

On June 26, 2006, Nelnet acquired marketing company CUnet for 40M USD

Acquisition Highlights
  • This is Nelnet’s 1st transaction in the Marketing sector.
  • This is Nelnet’s 3rd largest (disclosed) transaction.
  • This is Nelnet’s 3rd transaction in the United States.
  • This is Nelnet’s 1st transaction in New Jersey.

M&A Deal Summary

Date 2006-06-26
Target CUnet
Sector Marketing
Buyer(s) Nelnet
Deal Type Add-on Acquisition
Deal Value 40M USD
Advisor(s) Sparring Partners Capital (Financial)

Target

CUnet

Paramus, New Jersey, United States
CUnet LLC is a performance-based educational marketing and managed services company.

Search 200,500 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Nelnet

Lincoln, Nebraska, United States

Category Company
Founded 1977
Sector Financial Services
Employees7,550
Revenue 1.0B USD (2023)
DESCRIPTION

Nelnet focuses on delivering education-related products and services and student loan asset management. Nelnet earns interest income on a portfolio of federally insured student loans. The Company also makes investments to further diversify from its core education-related businesses. Nelnet was founded in 1977 and is based in Lincoln, Nebraska.


DEAL STATS #
Overall 3 of 7
Sector (Marketing) 1 of 1
Type (Add-on Acquisition) 3 of 6
State (New Jersey) 1 of 1
Country (United States) 3 of 7
Year (2006) 1 of 1
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-07-01 Foresite Solutions

Wayne, Pennsylvania, United States

Foresite Solutions, Inc. is a developer of complementary Web-based software applications that improve the administration of financial aid offices and work-study programs at colleges and universities.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-11-16 Allo Communications

Imperial, Nebraska, United States

Allo Communications LLC is a telecommunications company offering broadband, internet, telephone, and television to residents and businesses in Nebraska cities.

Buy $46M