Australian Finance Group Limited (ASX:AFG) agreed to acquire a 75% stake in National Finance Alliance Pty Ltd for AUD 54.6 million on November 30, 2021. Australian Finance Group Limited has an exclusive option to acquire the remaining 25% interest in National Finance Alliance Pty Ltd over the next three and a half years with value linked to Fintelligence achieving agreed milestones. The transaction will be funded primarily by a new corporate debt facility. The transaction is subject to confirmatory conditions precedent and is expected to complete by December 31, 2021. The transaction is expected to be EPS accretive in the first full year post integration and the proposed funding structure is expected to allow AFG to maintain its dividend policy. Ernst & Young Australia provided financial due diligence to Australian Finance Group Limited.

Australian Finance Group Limited (ASX:AFG) completed the acquisition of a 75% stake in National Finance Alliance Pty Ltd on December 22, 2021.