January 28, 2013
Boston, MA - Capstone Partners LLC, a leading national investment banking firm, has successfully represented Edvisors Network, Inc. in its sale to College Loan Corporation (CLC). Terms of the transaction were not disclosed.
Edvisors is a leading student marketing company providing an unmatched portfolio of education resources, college loan products and college-related information and services through a network of websites, blogs and forums attracting more than 2 million visits each month. In 2012, Edvisors was recognized on the Inc. 500|5000 list as one of America's fastest-growing private companies.
CLC, headquartered in Las Vegas, Nevada, is a leading student loan company, managing more than $7 billion in student loan assets. By offering innovative loan products and first-class customer service, CLC has helped more than 900,000 families achieve their higher education goals.
The acquisition of Edvisors serves to expand CLC’s infrastructure and is expected to help fuel the next generation of growth. “Strategically, it’s a great fit,” said John Falb, President of CLC. “College Loan Corporation has always provided families with valuable services to meet the challenges of paying for college. We have a commitment to provide first-class service to our customers, and the Edvisors network of sites will enhance the experience and services we provide our customers online.”
“We are extremely pleased to join the College Loan Corporation team,” said Geoffrey Willison, President of Edvisors. “Our partners will further benefit from the hard work and commitment of our employees now working in combination with CLC’s capabilities. Traffic growth to our network of sites will continue as we expand the resources and services that we provide to support students in their educational experiences.” The Edvisors brand will continue to operate as a wholly-owned subsidiary of CLC.
Capstone Partners has a long history of successfully closing transactions within the education space and the firm maintains one of the most active education & training practices in the middle market.
Capstone’s team consisting of John Ferrara, Founder and President, and Daniel Schultz, Vice President, managed the transaction on behalf of Edvisors. “The online education space is very exciting and has huge growth potential, as increasing numbers of students turn to digital tools to help them identify, gain acceptance and fund their college educations. We are pleased to bring together two quality companies that will each benefit from this transaction, while at the same time providing a robust collective solution to help students achieve their education goals."
Capstone Partners LLC is a leading national investment banking firm dedicated to serving the corporate finance needs of middle market business owners, investors and creditors. The firm provides merger & acquisition, private placement, corporate restructuring, valuation and financial advisory services. Capstone maintains various industry specialties. The firm also possesses merchant banking capabilities to actively co-invest in transactions.
Founder & President