M&A Deal Summary

Credit Corp Group Acquires Radio Rentals

On November 30, 2021, Credit Corp Group acquired retailer Radio Rentals from Thorn Group for 60M USD

Acquisition Highlights
  • This is Credit Corp Group’s 1st transaction in the Retail sector.
  • This is Credit Corp Group’s 2nd largest (disclosed) transaction.
  • This is Credit Corp Group’s 3rd transaction in Australia.

M&A Deal Summary
Date 2021-11-30
Target Radio Rentals
Sector Retail
Buyer(s) Credit Corp Group
Sellers(s) Thorn Group
Deal Type Divestiture
Deal Value 60M USD

Target

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.

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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 3 of 4
Sector (Retail) 1 of 1
Type (Divestiture) 3 of 3
Country (Australia) 3 of 4
Year (2021) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-24 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.

Buy AU$175M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-08-29 Collection House

Newstead, Australia

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.

Buy AU$11M

Seller(S) 1

SELLER

Thorn Group

Chullora, Australia
Category Company
Founded 1937
Sector Retail
Revenue 6M AUD (2021)
DESCRIPTION

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.

DEAL STATS #
Overall 2 of 2
Sector (Retail) 2 of 2
Type (Divestiture) 2 of 2
Country (Australia) 1 of 1
Year (2021) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-03-18 National Credit Management

Eastwood, Australia

National Credit Management Limited provides the full range of credit management tools to enable your business to operate efficiently and smoothly. We have been leaders in the receivables and debt management market for over 10 years because we reliably deliver results, and our professional service is consistently of the highest quality.

Buy -
Mergr

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