Navient to sell Government Services business to Gallant Capital

Core Viewpoint - Navient has reached an agreement to sell its Government Services business to an affiliate of Gallant Capital Partners, with the transaction expected to close in the first quarter of 2025, subject to certain conditions [1][3]. Company Overview - Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions aimed at simplifying complex programs and helping millions achieve success [2]. - The Government Services business includes several entities such as Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery, and Navient BPO [3]. Transaction Details - Approximately 1,200 employees will be included in the transaction [3]. - The transaction was advised by Houlihan Lokey and WilmerHale [2].