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ThinkSmart Ltd &
Australia & New Zealand Banking Group Ltd
Update Date: 06/10/08
Date Announced: 03/22/05
Value (million $USD): 4.8 million U.S. Dollar
6.0 million Australian Dollar
Status: Completed
TRANSACTION DETAILS
Date Announced03/22/05
Date Originally Announced03/22/05
FormatAcq. Part. Int.Acquisition techniquesNot Applicable
AttitudeFriendlyAgencyn/a
Value4.8 million U.S. Dollar
6.0 million Australian Dollar
Advisor Feesn/a
SYNOPSIS
AUSTRALIA - Australia & New Zealand Banking Group Ltd acquired a 16% stake in ThinkSmart Ltd, a financial services provider, for 6 mil Australian dollars ($4.754 mil US).
TARGET
NameThinkSmart Ltd
IndustriesShort-term business credit institutions; Misc business credit
CityWest Perth
Staten/a
NationAustralia
Incorporated inn/a
Public StatusPrivate
Business DescriptionProvide financing services; Focused on the delivery of B2B finance products through the retail environment
AdvisorsNULL
Target Salesn/a
ACQUIROR
NameAustralia & New Zealand Banking Group Ltd (Australia : ANZ)
IndustriesMortgage bankers and loan correspondents; Life insurance; Operators of nonresidential buildings; Foreign trade & international banking institutions; Misc business credit; Security brokers, dealers, and flotation companies; Investment advice; Security and commodity services, nec; Business consulting services, nec
CityMelbourne, Victoria
Staten/a
NationAustralia
Incorporated inn/a
Public StatusPublic
Business DescriptionAustralia & New Zealand Banking Group Ltd, headquartered in Melbourne, Australia, is a publicly listed company which operates in more or less 30 countries across Australia, New Zealand, Asia, the Pacific, the UK, Europe and the USA, including its technology and operations centre in Bangalore, India. It is a major international banking and financial services group. It has around 6 million personal, private banking, small business, corporate, institutional and asset finance customers globally. ANZ provides several banking services and products such as general banking, retail banking, regional and rural banking, mortgage and installment lending, consumer finance, life insurance and investment, property development, leasing, hire purchase and general finance, international and investment banking, investment and portfolio management and advisory services and other related banking products and services. It offers also institutional, corporate and internet banking and foreign exchange services. It was incorporated on July 14, 1977.
AdvisorsDeloitte Corporate Finance
Acquiror Sales12.54 billion U.S. Dollar
17.25 billion Australian Dollar
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