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NEW TO GROWTHWIRE? Growthwire is an investment and corporate venturing intelligence service meeting the unique needs of growth and alternative fund managers, CEOs and other business leaders. |
| Headline |
$100m+ for Australia's Largest Consumer Electronics Retailer |
| Investment Stage |
Private Placement |
| Sectors |
Financial Services - Consumer
Electronics - Consumer
IT/Internet - Business Systems
Retail - Computing & Electronics
Telecoms - Mobile |
| Deal Value |
50,000,000 |
| Currency |
Australia - Au$ |
| Country/Region |
Asia Pacific Australia QLD |
| Summary |
Our client, probably the biggest computer and electronics sales finance operation in Australia and listed on the Australian Stock Exchange (ASX), is seeking wholesale funding to support its continued growth and expansion in the Australian market. Australia has largely ridden out the financial downturn and now consumer and business demand is running ahead of the banks’ ability or willingness to provide the necessary capital to meet sales finance demand to this long established company.
This leaves a wide open opportunity for funders seeking a long term, assured return on their funds together with a degree of liquidity that can be negotiated with our client. The company, Australia’s equivalent of the USA’s Best Buy, seeks a minimum $100m on negotiable terms.
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