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FlexiGroup Ltd To Acquire Once Credit Pty Ltd


Sunday, 5 May 2013 06:54pm EDT 

FlexiGroup Ltd announced that it has entered into an agreement to acquire Once Credit Pty Ltd (Once Credit or Once) for AUD 45 million which represents approximately 8.0 times Cash NPAT after synergies. The acquisition will be fully funded through an underwritten equity placement of AUD 45 million. Once Credit provides consumer finance options to Australian households through retail outlets and third party distribution channels. Its primary product is a VISA Card offering to retailers and specified customers, supported by a distribution platform and a receivables book. 

Company Quote

3.04
-0.03 -0.98%
28 Nov 2014