Acquisition History / Nelnet, Inc. / Finastra Canadian student loan servicing business
Nelnet, Inc. Acquires Finastra Canadian student loan servicing business
Announced October 22, 2025 — $95M
What happened
Nelnet's Canadian subsidiary acquired the Canadian student loan servicing business of Finastra Holdings Limited from DH Corporation under a purchase agreement dated October 22, 2025. The deal closed February 2, 2026 for total cash consideration of CAD $130.5M (approximately US$95M), subject to customary adjustments.
- Acquirer
- Nelnet, Inc.
- Target
- Finastra Canadian student loan servicing business
- Announced
- October 22, 2025
- Price
- $95M
- Industry
- Student loan servicing
- Buyer type
- Strategic acquirer
- Status
- Closed
By the numbers
Frequently Asked Questions About This Acquisition
When did Nelnet, Inc. acquire Finastra Canadian student loan servicing business?
Nelnet, Inc. acquired Finastra Canadian student loan servicing business on October 22, 2025. This was Nelnet, Inc.'s 1st publicly tracked acquisition out of 1 we have on record.
How much did Nelnet, Inc. pay for Finastra Canadian student loan servicing business?
Nelnet, Inc. paid $95M for Finastra Canadian student loan servicing business.
What does Finastra Canadian student loan servicing business do?
Nelnet's Canadian subsidiary acquired the Canadian student loan servicing business of Finastra Holdings Limited from DH Corporation under a purchase agreement dated October 22, 2025. The deal closed February 2, 2026 for total cash consideration of CAD $130.5M (approximately US$95M), subject to customary adjustments.
What other Student loan servicing companies has Nelnet, Inc. acquired?
Finastra Canadian student loan servicing business is Nelnet, Inc.'s only publicly tracked acquisition in Student loan servicing so far.