Navient to buy Earnest for $155 mln [Reuters]
SLM CORP MEDIUM TERM NO (ISM)
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Source: Reuters
Navient to buy Earnest for $155 mln - PE Hub US Edition (daily) Canada Edition (weekly) I accept the Terms and Conditions Navient said Oct. 4 that it has agreed to buy Earnest Inc for $155 million in cash. Earnest, of San Francisco, is an online lender. Earnest has raised $300 million venture funding, investors include Maveron and Wildcast Venture Partners . In August, Buyouts reported that Earnest was in sales talks with First Republic . J.P. Morgan Securities LLC provided financial advice to Navient. Barclays advised Earnest. Navient said Oct. 4 that it has agreed to buy Earnest Inc for $155 million in cash. Earnest, of San Francisco, is an online lender. Earnest has raised $300 million venture funding, investors include Maveron and Wildcast Venture Partners . In August, Buyouts reported that Earnest was in sales talks with First Republic . J.P. Morgan Securities LLC provided financial advice to Navient. Barclays advised Earnest. PRESS RELEASE WILMINGTON, Del., Oct. 04
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