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Higher One Holdings, Inc. Announces Sale of Campus Labs

NEW HAVEN, Conn.--(BUSINESS WIRE)--Higher One Holdings, Inc. (NYSE:ONE), today, announced that, on October 14, 2015, it reached an agreement to sell its Campus Labs data analytics business to an affiliate of Leeds Equity Partners for a gross purchase price of $91 million cash. This purchase price is subject to certain closing adjustments including adjustments for working capital. The working capital adjustments will be determined at the time of closing, but may reduce the purchase price by $5 million to $7 million. The transaction is subject to necessary government, regulatory and creditor approvals and is expected to close by the end of November 2015.

“Additionally, this sale provides the Company with the financial flexibility to address current and future obligations and to strengthen our balance sheet.”

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Campus Labs provides a software platform for colleges and universities to make data-driven, strategic decisions ranging from...


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