Business
Japan’s Shinsei Bank snaps up 10pc Latitude Financial stake afr.com – The Australian Financial Review
Japanese financial services company Shinsei Bank has acquired a 10 per cent stake in Australian credit cards and consumer finance company Latitude Financial Group…
Latitudes owners have already hired Bank of America, Credit Suisse and Jefferies to prepare the company for a float and underwrite the mooted deal. It is understood Latitude has also added law firms King & Wood Mallesons and Ashurst to help with the preparations.
Shinsei deal to propel Latitude onto local bourse
Latitude is expected to seek a valuation worth more than $3.2 billion as part of the float.
Shinseis investment is a coup for Latitude and its shareholders, who acquired the business from…
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