Thorn Group - M&A Summary and Business Overview

RetailCompany

Thorn Group M&A Summary

Thorn Group has acquired 1 company. A total of 1 acquisition came from private equity firms. It has also divested 2 assets.

It’s largest disclosed sale occurred in 2021, when it sold Radio Rentals to Credit Corp Group for $60M. The Company’s most targeted sectors include business services (100%).

Thorn Group Business Overview

Where is Thorn Group headquartered?

Thorn Group is headquartered in Chullora, Australia.

What is Thorn Group’s revenue?

Thorn Group disclosed revenue of 6M AUD for 2021 and 75M AUD for 2020.

What sector is Thorn Group in?

Thorn Group is a retail company.

When was Thorn Group founded?

Thorn Group was founded in 1937.

M&A Summary

M&A Total Activity3
- M&A Buy Activity1
- M&A Sell Activity2
Total Sectors Invested 1
Total Countries Invested 1
M&A Buy/Sell Connections 3

Thorn Group

Thorn Group Ltd.

Level 1, 62 Hume Highway,
Chullora, 2190
Australia,
02 9101 5000
www.thorn.com.au

Thorn Group One of Australia's leading providers of retail and financial services to niche consumer and commercial markets. Thorn Group was founded in 1937 and is based in Chullora, Australia.

M&A Summary

Buy vs Sell

Year		≤ '19	'20	'21	'22	'23	'24	T
Buy (0.0/yr)	#	1	-	-	-	-	-	1
Sell (0.2/yr)	#	1	-	1	-	-	-	2
Sell (0.2/yr)	vol			$60M				$60M
								3

Most Recent M&A

Company	Date	Value	Type
Radio Rentals	2021-11-30	60M USD	Divestiture
Chullora, Australia · www.radio-rentals.com.au
National Credit Management Ltd.	2011-03-18	-	Add-on Acquisition
Eastwood, Australia · www.ncml.com.au
F Group AS	1997-11-01	-	Divestiture
Herlev, Denmark · www.f-group.dk
View All >>

M&A by Sector

Sector	Buy #	Value	Sell #	Value
Retail	-	-	2 (100%)	60M (100%)
Business Services	1 (100%)	-	-	-
Total	1	-	2	$60M

By Geo

State/Country	Buy	Value	Sell	Value
Australia	1	-	1	60M
Denmark	-	-	1	-
Domestic	1 (100%)	-	1 (50%)	60M (100%)
Cross-border	-	-	1 (50%)	-
Total	1	-	2	$60M

Deal Values

sell	#	Total
< $100M	1	$60M
TOTAL		$60M
Largest	Radio Rentals $60M (2021-11-30)

M&A Connections

		Deals
Acquired from
Investor(s)	100%	1 (100%)
Divested to
Investor(s)	50%	1 (50%)
Strategic(s)	50%	1 (50%)

Company Summary

SECTOR

Retail

Revenue

6 92%	2021
75 64%	2020
207 13%	2019
236 22%	2018
299	2017
(millions of AUD)	Show More Show Less

Established

1937

Public

Australia (ASX): TGA

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Thorn Group - M&A Summary and Business Overview

RetailCompany