Add-on Acquisition • Business Services

Sallie Mae Acquires Scholly

On July 26, 2023, Sallie Mae acquired business services company Scholly

Acquisition Context

This is Sallie Mae’s 2nd transaction in the Business Services sector.
This is Sallie Mae’s 8th transaction in the United States.
This is Sallie Mae’s 1st transaction in California.

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M&A Deal Summary
Date	July 26, 2023
Target	Scholly
Sector	Business Services
Buyer(s)	Sallie Mae
Deal Type	Add-on Acquisition
Advisor(s)	Peak Technology Partners (Financial) Carter Ledyard & Milburn (Legal)

Target Company

Scholly

Hollywood, California, United States

Scholly is a scholarship search and app that provides scholarship administration technology and matches users with strategic partners to help them earn cash back through its platform Scholly Offers. Scholly is based in Hollywood, California.

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Buyer Overview 1

Buyer

Sallie Mae

Newark, Delaware, United States

Category	Company
Founded	1972
Sector	Financial Services
Employees	1,710
Revenue	1.8B USD (2024)

DESCRIPTION

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 Context for Buyer	#
Overall	8 of 8
Sector: Business Services	2 of 2
Type: Add-on Acquisition	6 of 6
State: California	1 of 1
Country: United States	8 of 8
Year: 2023	1 of 1

PREVIOUS DEAL

DATE	TARGET	DEAL TYPE	VALUE
2022-01-26	Nitro College Wilmington, Delaware, United States Nitro College is a digital marketing and education solutions company. Nitro is committed to helping college students and their families by offering a variety of resources to help them finance their higher education. Nitro College is based in Wilmington, Delaware.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2022-01-26

Nitro College

Wilmington, Delaware, United States

Nitro College is a digital marketing and education solutions company. Nitro is committed to helping college students and their families by offering a variety of resources to help them finance their higher education. Nitro College is based in Wilmington, Delaware.

Buy

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