1pm has announced the acquisition of Intelligent Loans (iLoans) for a maximum consideration of £2.0m. iLoans is a broker of various property-backed, secured loans, taking 1pm into a new niche adjacent product range. It also replicates the existing funder-broker model via self-funded bridging loans and broadens the existing introducer network, with potential for cross-sell opportunities with the existing business. We forecast the deal to be 6.0% earnings enhancing in FY18.
16 Mar 2017
Acquisition of Intelligent Loans
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Acquisition of Intelligent Loans
Time Finance plc (TIME:LON) | 39.5 0 0.0% | Mkt Cap: 36.5m
- Published:
16 Mar 2017 -
Author:
Cavendish Research -
Pages:
6
1pm has announced the acquisition of Intelligent Loans (iLoans) for a maximum consideration of £2.0m. iLoans is a broker of various property-backed, secured loans, taking 1pm into a new niche adjacent product range. It also replicates the existing funder-broker model via self-funded bridging loans and broadens the existing introducer network, with potential for cross-sell opportunities with the existing business. We forecast the deal to be 6.0% earnings enhancing in FY18.