CREDIT CLEAR LIMITED ANNOUNCES $46M ACQUISTION
Moore Australia congratulates client Credit Clear Limited (ASX:CCR), for its announcement to the Australian Stock Exchange (ASX) today of its $46.0m binding agreement to acquire of 100% of the ARMA Group. CCR also undertook an institutional placement (fully underwritten by Bell Potter Securities Limited) and a share purchase plan to open shortly. Refer to CCR announcements for further details and the indicative timetable.
"We are delighted for CCR, and for being able to be part of their journey in their announcement today", says Moore Australia (VIC) Corporate Finance Director, Colin Prasad.
Moore Australia Director Colin Prasad, and Kerry Hicks (Taxation) led the client service team which provided Financial and Taxation Due Diligence and transaction assistance that preceded the binding agreement.
About Credit Clear Limited
Founded in 2015, CCR is an Australian receivables management
solution provider that has developed a proprietary digital billing
and communication technology platform that helps businesses drive
smarter, faster and more innovative financial outcomes by changing
the way customers manage their payments through a user experience
that the market demands in a digital age.