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  5. Turners Automotive Group Acquires Southern Finance

M&A Deal Summary

Turners Automotive Group Acquires Southern Finance

On July 30, 2015, Turners Automotive Group acquired financial services company Southern Finance for 5M USD

Acquisition Highlights
  • This is Turners Automotive Group’s 1st transaction in the Financial Services sector.
  • This is Turners Automotive Group’s 3rd largest (disclosed) transaction.
  • This is Turners Automotive Group’s 1st transaction in New Zealand.

M&A Deal Summary
Date 2015-07-30
Target Southern Finance
Sector Financial Services
Buyer(s) Turners Automotive Group
Deal Type Add-on Acquisition
Deal Value 5M USD

Target

Southern Finance

Christchurch, New Zealand
Southern Finance is an established finance company in the used vehicle finance market and has been active in the South Island for close to 20 years with extensive client and referrer networks in Christchurch and throughout the South Island. Loans are originated through motor vehicle dealers, finance brokers, strategic partnerships and direct lending.

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Buyer(S) 1

Buyer

Turners Automotive Group

Auckland, New Zealand
Category Company
Founded 1984
Sector Financial Services
Employees700
Revenue 344M NZD (2024)
DESCRIPTION

Turners Automotive Group is a New Zealand owned and operated company listed on the NZX and has been providing finance and insurance products for over 30 years. Company operates in two broad markets: used vehicles and commercial goods. Products are sold on behalf of vendors. Turners Automotive Group was founded in 1984 and is based in Auckland, New Zealand.

DEAL STATS #
Overall 1 of 3
Sector: Financial Services M&A 1 of 1
Type: Add-on Acquisition M&A Deals 1 of 2
Country: New Zealand M&A 1 of 3
Year: 2015 M&A 1 of 1
Size (of disclosed) 3 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2016-07-12 Buy Right Cars

Manukau, New Zealand

Buy Right Cars Ltd. is a Auckland based used motor vehicle import and dealership network. Buy Right Cars was established 18 years ago and has grown to become one of the largest participants in the Auckland market, operating from eight sites with a fully equipped mechanical and import compliance workshop more recently established in Manukau City.

Buy AU$15M
Mergr

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