M&A Deal Summary

AHL Investments Pty Acquires Wizard Home Loans Pty

On February 27, 2009, AHL Investments Pty acquired financial services company Wizard Home Loans Pty from General Electric

Acquisition Highlights
  • This is AHL Investments Pty’s 1st transaction in the Financial Services sector.
  • This is AHL Investments Pty’s 1st transaction in Australia.

M&A Deal Summary

Date 2009-02-27
Target Wizard Home Loans Pty
Sector Financial Services
Buyer(s) AHL Investments Pty
Sellers(s) General Electric
Deal Type Divestiture

Target

Wizard Home Loans Pty

Sydney, Australia
Wizard Home Loans Pty Ltd is a non-bank lender, offers mortgage loans in Australia and New Zealand.

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Buyer(S) 1

Buyer

AHL Investments Pty

Sydney, Australia

Category Company
Founded 1992
Sector Financial Services
DESCRIPTION

AHL Investments Pty Ltd is a provider of mortgage brokerage services in Australia.


DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2009 M&A 1 of 1

Seller(S) 1

SELLER

General Electric

Boston, Massachusetts, United States

Category Company
Founded 1892
Sector Diversified
Employees205,000
Revenue 38.7B USD (2024)
DESCRIPTION
General Electric office in Dubai, United Arab Emirates.
General Electric office in Dubai, United Arab Emirates.

General Electric is a diversified technology and financial services company. Products and services range from aircraft engines, power generation, water processing, and household appliances to medical imaging, business and consumer financing and industrial products. General Electric was founded in 1892 and is based in Boston, Massachusetts.


DEAL STATS #
Overall 16 of 46
Sector: Financial Services M&A 4 of 9
Type: Divestiture M&A Deals 14 of 38
Country: Australia M&A 1 of 1
Year: 2009 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-05-07 Sundance Channel

United States

Sundance Channel LLC reaches nearly 30 million subscribers and offers a diverse and engaging selection of films, documentaries and original programs.

Sell $496M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-04-24 GE Homeland Protection - General Electric Co.

United States

GE Homeland Protection provides equipment and services to protect airports, ports, borders and critical infrastructures, for Government, military and commercial customers.

Sell $580M