Angle Asset Finance Pty Ltd

Founded in Australia, Angle Finance operates as a secured financing provider for asset finance brokers, facilitating the acquisition of commercial vehicles and equipment across diverse industries. Angle Finance specializes in providing secured financing solutions tailored for brokers in the commercial vehicle and equipment sector. Established in Melbourne, Australia in 2019, the company has completed one notable deal to date. CEO Craig Edwards leads the firm, which was acquired by Cerberus Capital Management in September 2019.

Financial terms of the acquisition were not disclosed. Angle Finance specializes in providing secured financing solutions tailored for brokers who facilitate the acquisition of commercial vehicles and equipment. Their core offerings include financing for commercial vehicles weighing up to 4. 5 tonnes, such as sedans, utilities, and all-terrain vehicles, as well as heavy equipment like excavators, backhoes, forklifts, and mowers.

Additionally, Angle Finance enables financing for commercial trucks with a gross vehicle mass (GVM) of up to 12 tonnes, along with trailers and caravans used for commercial purposes. The company caters primarily to asset finance brokers, supporting their needs through online tools that allow for immediate qualification of customer requests and expedited loan decisions, primarily operating within the Australian market. Angle Finance generates revenue through a streamlined process designed for efficiency and minimal administrative overhead. In the most recent year, the firm reported revenue of AUD 436,563,239.

90 with an EBITDA of AUD -94,281,626. 40. Transactions occur as brokers submit customer requests for financing, which are processed by Angle's team, providing instant approval responses. The transaction structure is primarily B2B, with brokers acting as intermediaries, focusing on quick turnaround times to support asset finance transactions.

As of now, there are no public announcements regarding new products or expansion into new markets. The most recent significant deal was in September 2019 when Cerberus Capital Management acquired Angle Finance, though the details of how this acquisition will influence future growth strategies are not available. The company may utilize the support from its parent company to explore potential growth opportunities in the asset finance landscape.