Sallie Mae

Sallie Mae

Sallie Mae

Overview
Date Founded

2013

Headquarters

300 CONTINENTAL DRIVE, NEWARK, DE, 19713

Type of Company

Public

Employees (Worldwide)

1,600

Industries

Consumer Finance
Accounting & Financial Services

Company Description

SLM Corp. engages in the provision and administration of education loans. Its services include private education loans, banking, college savings, and insurance services. The company was founded in 1972 and is headquartered in Newark, DE.

Contact Data
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Executives & Employees

Director & Chief Executive Officer

Executive Vice President & Chief Financial Officer

Executive Vice President & Chief Commercial Officer

Chief Risk & Compliance Officer

Chief Diversity Officer

Chief Government Affairs & Communications Officer

Principal Accounting Officer, Senior Vice President & Controller

President & Chief Executive Officer

Executive Director

Board of Directors

Former Executive Vice President, Marketing at JPMorgan Chase & Co.

Chief Executive Officer at National Rural Electric Cooperative Association

Partner at Keler & Kershow PLLC

Director & Chief Executive Officer at Sallie Mae

Former Co-Chairman & Partner at Milbank LLP

Former Co-Chief Operations & Technology Officer at DocuSign, Inc.

Former MD & Global Head-Technology Governance at Goldman Sachs & Co. LLC

Former Managing Director at Bank of America Corp.

Former Managing Partner at Deloitte LLP

Chairman & Chief Executive Officer at Deep Lake Capital Acquisition Corp.

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Owners & Shareholders
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ValueAct Capital was initially formed in June 2000 to manage the capital of its three founders, along with the capital of a limited number of outside investors, in an investment strategy that combines intensive due diligence, a concentrated number of investments, and active, constructive involvement in the value creation at those investments. Today, with offices in San Francisco and Boston, ValueAct Capital manages more than $8.0 billion on behalf of some of the world's most respected institutional and individual investors. ValueAct Capital concentrates on acquiring significant ownership stakes in a limited number of companies that it believes are fundamentally undervalued. The investment team seeks to identify companies that are out of favor, or may be undergoing significant transition. Such companies may be temporarily mispriced for a variety of reasons, including perceived unfavorable industry conditions, poor business performance, changes in management or ownership, reorganizations, or other external factors. These conditions can often result in fundamentally "good" businesses that are available at depressed valuations. The goal in each investment is to work productively with management and/or the company's board to implement a strategy or strategies that maximize returns for all shareholders. ValueAct Capital is typically one of the largest independent shareholders at each of its core company investments and works in a constructive manner with management and/or the company's board to successfully implement strategies that generate superior returns on invested capital. The seven investment partners have extensive experience working effectively with portfolio companies as long-term large shareholders, and oftentimes as members of the companies' boards. At any given time, the portfolio consists of ten to eighteen core company investments, as well as a small "farm team" of additional investments in development.

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Impactive Capital LP is an American private company located in New York, NY, with operations in the United States and the Cayman Islands, that provides investment advice. The firm was founded in 2018 by Christian Alejandro Asmar and Lauren Taylor Wolfe. Lauren Taylor Wolfe has been the CEO since the company founding.

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Tiger Management Consulting Group, LLC specializes in helping public and private sector organizations build capacity and realize strategic growth through its suite of business consulting and training solutions. Tiger Management differentiates itself with its branded methodology I3© (I-cubed), which is based on over three decades of proven experience managing large, complex transformation engagements for commercial, government, and international clients. The firm is committed to providing high quality, results oriented, corporate level management consulting and training services. We have a passion for helping our clients win in the global marketplace; and with this passion, we bring the speed, agility, and precision of a tiger to solve our clients most pressing business challenges.

Recent Transactions
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TCMI, Inc., Prodege, LLC purchase Upromise, Inc. from Sallie Mae

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purchases Navient Corp. from Sallie Mae

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Ascensus LLC, J.C. Flowers & Co. LLC purchase Upromise Investments, Inc. from Sallie Mae

Transaction Advisors
Auditor

Advised onSallie Mae issued USD Common Stock

Auditor

Advised onSallie Mae issued USD Common Stock

Legal Advisor

Advised onSallie Mae purchases Student Loan Funding Resources, Inc. from Conlan Thomas L Education Foundation

Associate

Advised on purchases Navient Corp. from Sallie Mae

Legal Advisor

Advised onJ.C. Flowers & Co. LLC, Ascensus LLC purchase Upromise Investments, Inc. from Sallie Mae

Legal Advisor

Advised on purchases Navient Corp. from Sallie Mae

Advisors & Consultants
Legal Advisor

Partner at Kramer Levin Naftalis & Frankel LLP

Advisor

Vice Chairman at CBRE, Inc.

Advisor

Principal at Perseus Realty LLC

Key Stats and Financials As of 2020
Market Capitalization
$5.42B
Total Enterprise Value
$5.59B
Earnings Per Share
$2.25
Revenue
$2.29B
Net Profit
$881M
Total Debt
$5.19B
Total Equity
$2.56B
Enterprise Value / Sales
2.44x
TEVNet Income
6.34x
Debt TEV
0.93x
EBITDAMargin
62.62%
Enterprise Value EBITDAOperating
3.9x
EBITDA
$1.43B
Three Year Compounded Annual Growth Rate Of Revenue
16.77%
Non-Profit Donations & Grants Received
Political Donations
Investments
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Deserve, Inc. provides credit cards and financial products to international students in US. It specializes in determining the creditworthiness of the international students through alternative data like ability to repay and predictive attributes such as education, major, source of initial funding, and future employability. The company was founded by Kalpesh G. Kapadia and Michael Hallinan and is headquartered in Menlo Park, CA.

Suppliers
Interactive Intelligence Group, Inc. Other Business & Consulting Services | Indianapolis, INDIANA

Interactive Intelligence Group, Inc. provides software and cloud services for customer engagement, communications and collaboration. It engages in the interaction management software solutions and associated services. The company offers three types of products, which including on-premises software; a single-tenant cloud service; and a multi-tenant cloud service. Its services are used in the variety of vertical industries, including accounts receivable management, banking, government, healthcare, insurance, manufacturing, outsourcing, utilities and retail. Interactive Intelligence Group was founded by Donald E. Brown in October 1994 and is headquartered in Indianapolis, IN.

Competitors
The PNC Financial Services Group, Inc. Retail & Commercial Banking - Pittsburgh, Pennsylvania

PNC Financial Services Group, Inc. is a holding company, which engages in the provision of financial services. It operates through the following segments: Retail Banking, Corporate & Institutional Banking, Asset Management Group, and BlackRock. The Retail Banking segment offers deposit, lending, brokerage, investment management, and cash management products and services to consumer and small business customers. The Corporate & Institutional segment covers the lending, treasury management, and capital markets-related products and services to mid-sized and large corporations, government, and not-for-profit entities. The Asset Management Group segment includes personal wealth management for high net worth and ultra high net worth clients and institutional asset management. The BlackRock segment operates as a publicly-traded investment management firm providing a range of investment, risk management and technology services to institutional and retail clients. The company was founded in 1983 and is headquartered in Pittsburgh, PA.

Citizens Financial Group, Inc. - Rhode Island Retail & Commercial Banking - Providence, RI

Citizens Financial Group, Inc. engages in the provision of commercial banking services. It operates through the following segments: Consumer Banking and Commercial Banking. The Consumer Banking segment includes deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans, and wealth management and investment services. The Commercial Banking segment offers lending and leasing, trade financing, deposit and treasury management, foreign exchange and interest rate risk management, corporate finance and debt, and equity capital markets. The company was founded in 1828 and is headquartered in Providence, RI.

Discover Financial Services Consumer Finance - Riverwoods, IL

Discover Financial Services is a holding company, which engages in the provision of direct banking and payment services. It operates through the Direct Banking and Payment Services segments. The Direct Banking segment offers Discover-branded credit cards issued to individuals on the Discover Network and other consumer products and services, including private student loans, personal loans, home loans, and other consumer lending and deposit products. The Payment Services segment includes PULSE, Diners Club, and the company's network partners business, which includes credit, debit, and prepaid cards issued on the Discover Network. The company was founded in 1986 and is headquartered in Riverwoods, IL.

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