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New Deal


Announced

Sallie Mae to acquire Nitro College.

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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education for students

Majority

Acquisition

Domestic

Friendly

Single Bidder

United States

Private

digital marketing

Pending

Education Services

Synopsis

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Sallie Mae, a provider of a private education loans, free college planning tools, and online courses, agreed to acquire Nitro College, a Delaware-based digital marketing and education solutions company. Financial terms were not disclosed. “The acquisition of Nitro was a unique opportunity to bring two Delaware-based companies together with a shared goal of helping students and families responsibly plan and pay for college,” Jon Witter, Sallie Mae CEO

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