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New Deal


Announced

Completed

JP Morgan completed the acquisition of Frank.

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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Friendly

Single Bidder

Acquisition

FinTech

United States

Majority

Domestic

Completed

financial software

financial platform

Private

Synopsis

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JP Morgan, a financial holding company, completed the acquisition of Frank, a college financial planning platform. Financial terms were not disclosed. “We want to build lifelong relationships with our customers. Frank offers a unique opportunity for deeper engagement with students. Together, we’ll be able to expand our capabilities for students and their families, helping them financially prepare for college and other major moments in their future," Jennifer Piepszak, JP Morgan Co-CEO.

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