IFLR1000

FlexiGroup A$275 million acquisition of Fisher & Paykel Finance

28/10/2015
Acquisition finance, Private acquisition, Rights issue
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A$ 275 million

Announced

28/10/2015

Overview:

  • FlexiGroup has acquired Fisher & Paykel Finance (F&P Finance) for A$275 million.
  • F&P Finance is a leading provider of non-bank consumer credit in New Zealand.
  • To fund the acquisition FlexiGroup made an entitlement offer for A$150 million underwritten by Citi and CBA.

Katrin Kostadinova - Data analyst 

Jurisdiction:

Australia

Deal types:

Acquisition finance
Private acquisition
Rights issue

Practice area:

M&A

Governing law:

Australia

Industry sector:

Financial services

Firms:
Ashurst

Party: FlexiGroup (Acquirer)

Bell Gully

Party: Fisher & Paykel Appliances Holdings (Seller)

Lawyer: Murray King

Gilbert + Tobin

Party: Citigroup (Underwriter)

Party: Commonwealth Bank of Australia (Underwriter)

Mayne Wetherell

Party: FlexiGroup (Acquirer)

Lawyer: Dave Wetherell

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