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Credit Services & Lending M&A image Credit Services & Lending M&A » By The Online Investor Staff, updated Sun., Apr. 18, 5:14 AM Recent mergers and acquisitions in the Credit Services & Lending M&A category.

Slide #95. The First Marblehead Corporation Operating Assets of Cology, Inc.

Acquirer: The First Marblehead Corporation (FMD)
Acquiree: Operating Assets of Cology, Inc.
Details: The First Marblehead Corporation announced that it has signed a definitive agreement to acquire certain assets and liabilities of Cology, Inc., and its affiliates for cash. Cology is a provider of processing, disbursement and life-of-loan servicing to over 250 credit unions and lending institutions nationally. In the twelve months ended June 30, 2012, Cology processed over 65,000 applications and disbursed more than $451 million in private student loans, generating three year compound annual growth rates of 114% and 106% on those metrics, respectively.

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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Company Name: 
First Marblehead Corp
Website: 
www.firstmarblehead.com
Sector: 
Credit Services & Lending
 

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Hold (2.00 out of 4)
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