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  5. Somers Acquires Thorn Group

M&A Deal Summary

Somers Acquires Thorn Group

On December 11, 2023, Somers acquired financial services company Thorn Group

Acquisition Highlights
  • This is Somers’ 1st transaction in the Financial Services sector.
  • This is Somers’ 1st transaction in Australia.

M&A Deal Summary
Date 2023-12-11
Target Thorn Group
Sector Financial Services
Buyer(s) Somers
Deal Type Add-on Acquisition

Target

Thorn Group

Sydney, Australia
Thorn Group is a provider of retail and financial services to niche consumer and commercial markets. Thorn Group was founded in 1937 and is based in Sydney, New South Wales.

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Buyer(S) 1

Buyer

Somers

Hamilton, Bermuda
Category Company
Founded 2012
Sector Financial Services
DESCRIPTION

Somers is a financial services investment holding company, with investments principally in Australia, Bermuda and the United Kingdom. Somers was founded in 2012 and is based in Hamilton, Bermuda.

DEAL STATS #
Overall 1 of 1
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 1
Country: Australia M&A 1 of 1
Year: 2023 M&A 1 of 1
Mergr

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