Windsor Drake
Transaction · Lending · 2021

Earnest / Going Merry 2021

Earnest acquired Going Merry on November 11, 2021.

Target
Going Merry
Acquirer
Earnest
Announced
November 11, 2021
Sub-sector
Lending

Transaction overview

  • Earnest announced the acquisition of Going Merry on November 11, 2021.

Strategic rationale

Acquisition of financial aid and scholarship platform extends Earnest's mission to reduce student debt burden and make higher education more affordable.

Deal terms & multiples

Deal value
Not disclosed
Target revenue
Not disclosed
Target EBITDA
Not disclosed
EV / Revenue
Not disclosed
EV / EBITDA
Not disclosed
Announcement
November 11, 2021
Acquirer
Earnest (Strategic)
Sub-sector
Lending

Sources

Comparable transactions in Lending

Primary Event type Counterparty Value Sub-sector Date
Kiavi Transaction Figure Technology Solutions $717M Lending June 10, 2026
Fundo Transaction FinVolution Lending March 16, 2026
Kiwimoney Transaction Anq Lending December 13, 2023
Non-performing loan portfolio Transaction Collectius $42M Lending October 3, 2023
Stilt Transaction JG Wentworth Lending December 5, 2022
SocietyOne Transaction MoneyMe Lending December 17, 2021