Eclipx Group Limited (ASX:ECX) acquired Car Buyers Australia Pty Ltd for AUD 7.5 million on December 19, 2017. As per the transaction, Eclipx Group Limited shall pay AUD 7 million in cash as upfront payment and AUD 0.5 million less any adjustment as deferred consideration. Car Buyers Australia Pty Ltd will or may be financially assist to Eclipx Group Limited for the acquisition. The financial assistance from Car Buyers Australia Pty Ltd is subject to shareholders approval of Eclipx Group Limited. Eclipx Group Limited has also provided funds of AUD 0.81 million for the amount payable by Car Buyers Australia Pty Ltd to third parties by pursuant to the loan agreement by way of loan to Car Buyers Australia Pty Ltd. Eclipx Group Limited (ASX:ECX) completed the acquisition of Car Buyers Australia Pty Ltd on December 19, 2017.