Plan B acquires mortgage broker Aspire Finance
By Tim Neary
|
03 Jul 2009
Australian boutique wealth management company Plan B Group Holdings Ltd has acquired mortgage broker Aspire Finance Pty Ltd for an undisclosed sum, to muscle up its mortgage-broking operations, reported businessspectator.com.au.
Calling it "a sound business", Plan B's managing director Denys Pearce said he was looking to Aspire to enhance the group's service to clients with its three contract loan writers and established loan book - already worth in the region of $230 million.
"We look forward to supporting them, not only with access to mortgage and other debt products, but with our full range of complementary wealth management services," Pearce said.
The acquisition would be partly financed through the issue of 100,000 ordinary shares in Plan B, with the rest coming from the company's existing banking facility.
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