M&A Deal Summary

Credit Corp Group Acquires Collection House - Australian Purchased Debt Ledger Book

On December 24, 2020, Credit Corp Group acquired business services company Collection House - Australian Purchased Debt Ledger Book from Collection House for 175M AUD

Acquisition Highlights
  • This is Credit Corp Group’s 1st transaction in the Business Services sector.
  • This is Credit Corp Group’s 0th largest (disclosed) transaction.
  • This is Credit Corp Group’s 2nd transaction in Australia.

M&A Deal Summary
Date 2020-12-24
Target Collection House - Australian Purchased Debt Ledger Book
Sector Business Services
Buyer(s) Credit Corp Group
Sellers(s) Collection House
Deal Type Divestiture
Deal Value 175M AUD

Target

Collection House - Australian Purchased Debt Ledger Book

Newstead, Australia
Collection House Ltd. - Australian Purchased Debt Ledger Book providees organizations and individuals with world-class solutions in credit management, collections, and customer care.

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Buyer(S) 1

Buyer

Credit Corp Group

Sydney, Australia
Category Company
Founded 1992
Sector Financial Services
Employees1,908
Revenue 286M AUD (2020)
DESCRIPTION

Credit Corp Group is Australia’s largest provider of sustainable financial services in the credit-impaired consumer segment. Credit Corp Group are committed to providing sustainable and responsible financial solutions for customers, with the goal of improving financial situations. Credit Corp Group was founded in 1992 and is based in Sydney, Australia.

DEAL STATS #
Overall 2 of 4
Sector (Business Services) 1 of 2
Type (Divestiture) 2 of 3
Country (Australia) 2 of 4
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-16 Baycorp Pty

Parramatta, Australia

Baycorp (Aust) Pty Ltd. is a large and well-established debt purchasing and debt collection operator across Australia and New Zealand. Baycorp (Aust) Pty Ltd. assets comprise a sizeable purchased debt ledger (PDL) book, a PDL collection platform and agency collection businesses in Australia and New Zealand.

Buy AU$65M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-30 Radio Rentals

Chullora, Australia

Radio Rentals is an operator of stores by providing customers access to a range of products on rental terms. Radio Rentals products range from radiogram to black and white television, colour TV, VCR and DVD players to the digital age and smartphones. Radio Rentals is based in Chullora, Australia.

Buy $60M

Seller(S) 1

SELLER

Collection House

Newstead, Australia
Category Company
Founded 1992
Sector Business Services
Revenue 144M AUD (2020)
DESCRIPTION

Collection House is a receivable manager company. It provide solutions that span the entire credit lifecycle, from receivables outsourcing to debt collection and debt purchase. Collection House was founded in 1992 and is based in Newstead, Australia.

DEAL STATS #
Overall 3 of 3
Sector (Business Services) 1 of 1
Type (Divestiture) 3 of 3
Country (Australia) 3 of 3
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-22 National Tenancy Database Pty

Fitzroy, Australia

National Tenancy Database Pty Ltd. is a provider of information database for customers seeking to assess prospective residential and commercial tenants.

Sell -
Mergr

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