Credit Services & Lending M&A » By The Online Investor Staff, updated Sat., Apr. 17, 12:45 PM
Recent mergers and acquisitions in the Credit Services & Lending M&A category.
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Slide #92. The First Marblehead Corporation — Operating Assets of Private Student Loan Originator Cology, Inc.
Acquirer:
The First Marblehead Corporation (FMD)
Acquiree:
Operating Assets of Private Student Loan Originator Cology, Inc.
Details:
The First Marblehead Corporation announced that it has completed the acquisition of certain assets and liabilities of Cology, Inc. and its affiliates for approximately $4.7 million in cash. Cology is a provider of processing, disbursement and life-of-loan servicing to over 250 credit unions and lending institutions nationally.
First Marblehead is a specialty finance company focused on education financing in the U.S. Co. provides its services through: Monogram® loan product service platform, which includes program design, marketing support, loan origination, portfolio management, and loan securitization; its subsidiary, Tuition Management Systems LLC, which provides outsourced tuition planning, tuition billing, refund management and payment technology services for universities, colleges and secondary schools; and Cology LLC, Co.'s subsidiary which supplies outsourced loan origination and technology solutions to education loan providers.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
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