Funds raised would be used to repay a $25 million short-term facility from Pacific Equity Partners, which helped fund the acquisition of SocietyOne.
It’s amazing what a growing small cap can do without an expensive albatross hanging around its neck.
Funds raised would be used to repay a $25 million short-term facility from Pacific Equity Partners, which helped fund MoneyMe’s acquisition of SocietyOne and is repayable in the next few months. On one recount to Street Talk, he told investors MoneyMe made $9 million statutory NPAT in the six months to December 31, and another $7 million across January and February. In other words, the business is printing profit.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why bankers are bracing for more private equity failuresLeading bankers predict that an increasing number of private equity groups will abandon loss-making assets, following last month’s collapse of Scott’s Refrigerated Logistics, writes Karen Maley.
Read more »
Super funds delete climate commitmentsSuperannuation funds’ climate change commitments have been mysteriously disappearing from their websites, at the same time as ASIC ramps up scrutiny of greenwashing.
Read more »
China steps up regional Asian investment to counter US influenceThe increased focus on investment in East Asia and Pacific nations comes as Washington rolls out its strategy of ‘integrated deterrence’ across the Indo-Pacific to counter China’s rise.
Read more »
Apostle Funds Management launches new carbon fundApostle will offer exposure to global carbon markets and target 2 percentage points of outperformance against the global carbon benchmark a year.
Read more »
They look like landmines but these fishing devices are drifting into the Great Barrier Reef from the South PacificAn alarming number of strange-looking devices are washing up on Australian shores, confounding beachcombers and worrying conservationists.
Read more »
How Australia would actually use submarines in a war (in four maps)If a conflict in the Asia-Pacific region broke out, what would it look like, and what roles could conventional and nuclear submarines play?
Read more »