Business
Blackstone-backed LaTrobe Financial eyes $2b IPO – The Australian Financial Review
Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion.
Since Blackstone invested in 2017 with the intention of doubling the size of the business in five years, LaTrobe has boosted its assets under management from $3.2 billion to $12 billion, sparking a raft of inquiries from potential investors.
Based on the current rate of growth about $1 billion in loan originations a month and $500 million in settlements internal estimates put the business on track to hit assets under management of $25 billion in about four years.
Blackstone is only three years into…
-
General17 hours agoYoung boy flown to Brisbane hospital after K’gari dingo attack
-
General14 hours agoBritish and US planes fly 12-hour mission to patrol Russian border
-
Noosa News18 hours agoWarm weather could make way for rain with ‘damaging winds, large hail’
-
Noosa News24 hours agoRoaring jet boats to return to Victoria for first time in 15 years