### Press Release
Auckland April 2024 – Three Sixty Capital Partners is pleased to announce the successful divestment of a New Zealand consumer finance business, effective April 2024. This strategic transaction marks a significant milestone in the consumer finance sector, enabling both the seller and buyer to enhance their strategic focus and operational capabilities.
Transaction Highlights:
– Seller: A part of a larger Australasian consumer finance group.
– Buyer: A prominent operator with multiple consumer finance businesses in New Zealand.
– Transaction Type: Divestment of the New Zealand operations.
Three Sixty Capital Partners’ Role:
Three Sixty Capital Partners acted as the exclusive financial advisor to the Australian shareholders of the New Zealand business. The firm’s dedicated team provided comprehensive advisory services, including valuation, negotiation, and due diligence support, ensuring a seamless and efficient transaction.
Strategic Rationale:
The sale of the New Zealand operations allows the owners to concentrate on their Australian business, which is currently undergoing significant changes due to a shifting regulatory environment. This divestment enables the seller to streamline their operations and allocate resources more effectively to address these regulatory challenges.
About Three Sixty Capital Partners:
Three Sixty Capital Partners is a leading investment banking firm specializing in mergers and acquisitions, capital raising, and strategic advisory services. With a track record of successful transactions across various industries, the firm is dedicated to helping clients achieve their strategic goals and maximize value.
For more information contact: Richard Wood, richard.wood@360capital.co.nz, +64 27 279 7490