Law firm Addisons has advised Specialist Equipment Leasing Finance Company Pty Limited (Selfco) on its acquisition by Auswide Bank Limited.
The transaction, which completed in late August, establishes Selfco as Auswide’s asset and equipment finance division and provides Selfco with the backing of an established bank.
Selfco Managing Director Rob Burden described the transaction as a transformative moment for the business. “With the combined expertise of both organisations, we are poised to deliver even greater value to our customers and stakeholders”, said Mr Burden.
The Addisons team advising on the deal included Partner Geri du Plessis and Solicitor Erin Miranda.
Geri said, “It was a pleasure acting for Selfco on the Auswide acquisition. We congratulate Rob Burden and the rest of the Selfco team on the transaction, and wish them all the best for the continued growth of the Selfco business.”