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Announced

Completed

Nelnet Business Services completed the acquisition of Catholic Faith Technologies.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Majority

United States

Domestic

Private

Completed

Single Bidder

online learning platform

Online and Social Platforms

Acquisition

Friendly

Synopsis

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Nelnet Business Services, a payment technology and community management solutions provider, completed the acquisition of Catholic Faith Technologies, an online learning and formation platform company. Financial terms were not disclosed. "The culture and products offered by CFT are in nearly perfect alignment with Nelnet's mission to make dreams possible through service and technology. This acquisition will enable us to expand services to our faith community partners, as well as enter into and support new markets," Becky Pollock, Nelnet Business Services Managing Director.

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