EarlyPay has acquired Timelio
EarlyPay Limited (ASX:EPY) has acquired select assets of Timelio.
Earlypay offers financial solutions to businesses in Australia. It operates through invoice finance, equipment finance and other services segments. The acquisition, whilst small, is strategically important for Earlypay as it provides a high-quality portfolio – many of the customers joined Timelio through its acquisition of the Bendigo Bank invoice finance portfolio in 2022 – and increases Earlypay’s presence in Victoria. Additionally, the acquisition is expected to be EPS accretive in addition to providing a range of other strategic benefits.
Timelio is a Melbourne-based fintech that specializes in P2P invoice and trade financing for SMEs in Australia.
Oaklins’ team in Australia acted as corporate advisor to to Earlypay (ASX:EPY) on the signing of a binding agreement to acquire select assets of Timelio.
Talk to the deal team
Related deals
Banco BPM Vita S.p.A. has launched a voluntary public tender offer for Anima Holding S.p.A.
Banco BPM Vita S.p.A. has initiated a voluntary public tender offer for the shares of Anima Holding S.p.A.
Learn moreManolete Partners plc has completed a successful debt refinancing
Manolete Partners plc has signed a new revolving credit facility (RCF) with its existing provider, HSBC. The new RCF provides Manolete with the same level of facility as the previous arrangement, at US$22.6 million (£17.5 million), but with a reduced margin and lower non-utilization fee. The facility has a term of 3.25 years, with the option to extend for an additional year on the same terms.
Learn moreGenerali has expanded its footprint in Bulgaria by acquiring one of the top health insurers on the market
Doverie United Holding has successfully completed the sale of United Health Insurance Fund Doverie (Doverie) to Generali CEE Holding.
Learn more