Metrics Income Opportunities Trust Units ( (AU:MOT) ) just unveiled an announcement.
Metrics Income Opportunities Trust has announced that its managed investment scheme, the MCP Credit Trust, will acquire a 100% stake in BC Investment Group, a non-bank financial services group specializing in consumer lending for residential real estate. This acquisition, funded by existing capital, will increase the Trust’s exposure to a high-quality financial services business with strong growth prospects, although it will only represent a minor portion of the Trust’s net asset value. The acquisition involves an initial purchase price of A$140.3 million with potential deferred payments based on performance, and refinancing of shareholder loans.
More about Metrics Income Opportunities Trust Units
Metrics Income Opportunities Trust is part of Metrics Credit Partners, an Australian-based non-bank corporate lender and alternative asset management firm. They specialize in fixed income, private credit, equity, and capital markets, managing assets worth approximately A$23 billion. Their offerings include the Metrics Master Income Trust, Metrics Income Opportunities Trust, and Metrics Real Estate Multi-Strategy Fund, among other funds.
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