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Thorn sells financial services arm
Norton Rose Fulbright has advised Thorn Group on the sale of assets associated with its wholly owned business.
Emma Musgrave
Firm: Norton Rose Fulbright (Thorn Group); Undisclosed (Credit Corp)
Value: Undisclosed
Area: M&A
Key players: The Norton Rose Fulbright legal team was led by partner Ben Smits, with assistance from associates Vianna Shing and Shanil Lal, as well as banking and finance partner Nuncio D’Angelo and senior associate Robert Murphy.
Deal significance: According to a statement from Norton Rose Fulbright, Credit Corp acquired the business, which provided small consumer loans under the banner Cashfirst.
The sale is expected to complete in November 2017.
“Full credit to Thorn Group for realising this sale on the remainder of their book in the midst of a lively secondary debt market,” said Norton Rose Fulbright partner Ben Smits, who advised Thorn Group on all legal aspects of the transaction.
“It was a pleasure to work closely with the Thorn team and help contribute to this strategic and beneficial outcome.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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