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New Deal

New Deal

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

Wells Fargo & Company

vendor

Wells Fargo & Company

Show Details & Financials

Market Context

Charles W. Scharf

Charles W. Scharf

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

Darrell Cronk

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

Jeffrey Brill

Partner at Skadden Arps Slate Meagher & Flom
Deal Bio
Total Deals
32/
Total Value
£28,116M
Rick Heitzmann

Rick Heitzmann

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

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