Transactions

Presidian – sale to McMillan Shakespeare Limited

Miles Advisory Partners advised the shareholders of Presidian on its sale to McMillan Shakespeare Limited (ASX:MMS)

Transaction Details

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Sector
Consumer
Miles Role

Sell-side advisor to Presidian

Deal Type

Business Divestment

Year Completed

2015

Contacts for this Transaction
Lloyd Way
Managing Director
Contact Lloyd Way
Rohan Manikath
Managing Director
Contact Rohan Manikath

Overview

  • Presidian was the leading independent provider of finance, warranty and insurance products to the Australian used vehicle market, operating across three business units
  • The business held the number one position in the Australian used vehicle warranty market, with a network of over 2,500 active dealers, 82 brokerages and 14 retail branches
  • The acquisition gave MMS a foothold in used vehicle consumer finance, complementing its existing novated leasing and fleet management capabilities in the new car segment
  • The transaction created a combined consumer loan book of over $1 billion per annum, establishing MMS as a diversified automotive financial services provider

Further information on this transaction is available at: Presidian / McMillan Shakespeare Press Release