19 Dec New Era Lawyers advises on $50 million capital raising
New Era Lawyers have advised Investors Central on its recent $50 million capital raising subsequent to their successful $30 million capital raising in 2016. Investors Central is an Australian-owned, unlisted public company that raises capital to invest in secured consumer and commercial loans. Since 2010, Investors Central has achieved steady growth in both revenue and profit on the back of sustained growth in its lending business, Finance One.
Finance One writes loans for the purchase of motor vehicles, caravans, commercial vehicles and mobile plant and equipment across Australia. Finance One offers an alternative to existing lenders’ products by targeting the non-confirming market which falls outside major lenders’ guidelines with loan interest rates ranging from 16% to 28% per annum. Finance One provides secured loans up to $75,000.
New Era Lawyers assisted Investors Central in preparing its prospectus and undertaking due diligence on the Group. Our lawyers are specialists in capital raising and corporate law.
New Era Lawyers is very proud of its long-standing association with Investors Central and Finance One and wishes them success in their capital raising activities.