Scura Partners Advises Campus Door Holdings Inc., In Its Merger with Incenter LLC
Scura Partners Advises Campus Door Holdings Inc., (Campus Door) In Its Merger with Incenter LLC, a portfolio company of Blackstone (NYSE:BX)
June 17, 2017 – Campus Door, a leading provider of private student loan origination platforms and software services to major commercial banks, credit unions, and finance companies throughout the United States, recently merged with Incenter, a portfolio company of Blackstone. Scura Partners helped to initiate this transaction on behalf of Campus Door, acted as the Company’s financial advisor, and participated in the negotiations leading to the merger. The value of the transaction was not disclosed.
Campus Door’s combination with Incenter will enable Campus Door to accelerate its growth throughout the United States, further solidifying the Company’s leading position as a major service provider to the private student loan industry in the U.S. “Being part of the Blackstone family will undoubtedly help drive our business. We are excited to have Incenter as a partner” said Damien Q. Elias, the Company’s founder, and principal shareholder.
Regarding Scura Partners’ involvement, Damien added “Scura Partners has advised Campus Door on several strategic transactions over the past decade culminating in this sale. Paul Scura and his team helped us evaluate our strategic alternatives and then guided us through the process, providing us with timely, first-rate, objective advice every step of the way. It was a real pleasure working with them” added Damien.
About Campus Door
Campus Door provides innovative student loan solutions, systems, and processing to lenders enabling them to help their customers pay for college. Campus Door was founded in 1995 to deliver loans to students and their families via web-based application systems. The company pioneered the first on-line private student loan application with a live underwriting and response system and has continued to lead the industry in expertise and technology.
About Incenter LLC
Incenter LLC is a Blackstone portfolio company headquartered in Saint Paul, Minnesota, Incenter provides its lender clients operating in the mortgage and specialty finance markets with access to capital, secondary markets solutions and fulfillment services. With additional offices in Denver, Los Angeles, New York and Manila, Philippines, Incenter employs approximately 900 professionals worldwide. For more information please visit www.incenterms.com.
About Scura Partners & Company
Scura Partners is a private investment banking firm, based in Manhattan, providing M&A advisory and capital raising services, with a focus on emerging growth, technology, business to business services and financial companies. Scura Partners’ partners have an average of over twenty-five years of experience in a broad array of industries, providing nearly every investment banking product and service to their clients. For more information about Scura Partners or the transaction cited above, contact Paul Scura at 212-596-3383 or visit www.scurapartners.com .
