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Announced

Completed

Firstmark completed the acquisition of a private student loan portfolio of Wells Fargo for $10bn.

Synopsis

Firstmark, a private equity firm, completed the acquisition of a private student loan portfolio of Wells Fargo for $10bn. Wells Fargo notified customers in September of its intention to exit the private student loan business.

Principals

Wells Fargo Private Student Loans

target

Wells Fargo Private Student Loans

Firstmark Capital

bidder

Firstmark Capital

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Market Context

Dealmakers (4)

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Charles W. Scharf

Charles W. Scharf

ManagerCEO at WELLS FARGO & COMPANY
Deal Bio
Total Deals
7/
Total Value
£9,696M
Darrell Cronk

Darrell Cronk

ManagerPresident at WELLS FARGO & COMPANY
Deal Bio
Total Deals
2/
Total Value
£7,367M
Jeffrey Brill

Jeffrey Brill

LawyerPartner at Skadden Arps Slate Meagher & Flom
Deal Bio
Total Deals
34/
Total Value
£30,335M
Rick Heitzmann

Rick Heitzmann

InvestorFounder and Partner at FIRSTMARK CAPITAL
Deal Bio
Total Deals
5/
Total Value
£8,831M

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