1pm is seeking to acquire two specialist small-ticket lenders to UK SME’s (Gener8 Finance and one unnamed), engaged in invoice discounting and factoring. The potential acquisitions bring new adjacent products, a reputation for strong customer service and longstanding clients to the group with potential for cross-selling with the existing group. To finance the initial consideration payable and provide additional funds for postacquisition growth, the company is raising £13.0m (gross) at 45.0p.
18 May 2017
Factoring in a broader offering
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Factoring in a broader offering
Time Finance plc (TIME:LON) | 41.0 0.2 1.2% | Mkt Cap: 37.9m
- Published:
18 May 2017 -
Author:
Cavendish Research -
Pages:
13
1pm is seeking to acquire two specialist small-ticket lenders to UK SME’s (Gener8 Finance and one unnamed), engaged in invoice discounting and factoring. The potential acquisitions bring new adjacent products, a reputation for strong customer service and longstanding clients to the group with potential for cross-selling with the existing group. To finance the initial consideration payable and provide additional funds for postacquisition growth, the company is raising £13.0m (gross) at 45.0p.