Macquarie Bank has acquired Esanda Dealer Finance for A$8.23 billion from ANZ.
The Esanda business comprises approximately 330,000 retail customers and 450 dealer originators and 160 dealers with bailment and lending facilities with ANZ.
The portfolio has a value of $7.8 billion.
Macquarie is financing the purchase through a private placement of shares.
Macquarie Capital and Credit Suisse acted as financial advisers to the acquirer. Deutsche Bank advised ANZ