A$11m Strategic Investment from Australian Finance Group Limited
Thinktank Group Pty Ltd (Thinktank) is a private, Australia-based, non-bank commercial lender that manages a portfolio of A$750m in first mortgage commercial property loans.
On 19 April 2018 it was announced that ASX-listed Australian Finance Group Limited (AFG) had made a strategic investment of 30.4%, on a fully diluted basis, in Thinktank following the issue of 5m Thinktank shares for A$10.9m. In connection with the investment, AFG will distribute a white label commercial property product through its national network of +2,900 brokers.
Azure acted as corporate adviser to Thinktank and advised on all aspects of the strategic investment including valuation, structuring, coordination of due diligence and negotiation of the multiple transaction agreements.