PRESS RELEASE
27 December 2021

Moore Australia congratulates Credit Clear on ARMA Group acquisition

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Moore Australia

Contributor

Moore Australia logo
Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.
Moore Australia congratulates client Credit Clear Limited (ASX:CCR), for its announcement to the ASX about its $46.0m binding agreement to acquire of 100% of the ARMA Group.
Australia

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.

PRESS RELEASE
27 December 2021

Moore Australia congratulates Credit Clear on ARMA Group acquisition

Australia

Contributor

Moore Australia logo
Moore Australia part of a global network of offices, providing auditing and financial reporting services, advising local, national and international clients in the public and private sectors. Moore Australia generates annual revenues in the region of $80m. Moore Australia is part of the Moore Global network and has 14 offices with over 450 people nationwide. Moore Australia has extensive experience in state and local government, biotechnology, energy mining and renewables, health and aged care, education, manufacturing, not for profit, property and construction, retail and tourism and hospitality and has a strong presence in the following service lines: Asia Desk, Audit & Assurance, Business Advisory, Taxation, Corporate Finance, Governance and Risk Advisory.

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