@investor_jackson from last year:Affinity Reportedly May Buy Right2drive; Affinity Reportedly May Be A Buyer For FlexiGroup’ Assets And Axsesstoday’s OperationsJul 1 19Affinity Partners International, LP is the latest party to emerge as a potential buyer of Right2Drive Pty Ltd. from Eclipx Group Limited (ASX:ECX). KKR & Co. Inc. (NYSE:KKR) was named as a party also circling Right2Drive through its Pepper Group Limited, along with Macquarie Group Limited (ASX:MQG), through its Esanda operation. Right2Drive book is worth about $75 million, and some say it is a bargain for any acquirer that can pick up the operation for about $50 million. Affinity is said to be active in the market, with suggestions it could be an eager buyer of the FlexiGroup Limited (ASX:FXL) commercial lending assets in Australia and New Zealand should they come up for sale, while it is also said to have looked at the Axsesstoday Limited (ASX:AXL)’s lending operation and potentially the Thorn Group Limited (ASX:TGA).
Not sure how similar the price would be in this environment.FlexiGroup Coy On Possible Sale Of Lending DivisionJun 27 19Speculation has emerged that FlexiGroup Limited (ASX:FXL) is considering a sale of its Australian and New Zealand commercial lending division. Scottish Pacific Group Limited is said to be in exclusive talks to buy the operations. FlexiGroup said there were no current plans to sell but expectations are that the division will be offloaded in the coming months, as recently appointed Chief Executive Officer, Rebecca James rethinks the strategy of the overall business. Suggestions are that Scottish Pacific is poised to be offered exclusive due diligence to buy the Australian and New Zealand commercial lending operations, which some estimate to be worth about $200 million. There have been suggestions that FlexiGroup, about 23% -owned by Founder and Chairman, Andrew Abercrombie, may have been searching for a buyer for its Australian and New Zealand lending business for about six months. It is thought FlexiGroup may be getting its business in order before Scottish Pacific enters the data room.
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