Polestar acted on the acquisition of Financial Services of Australia PTY (“FINSA”).
A previous client with a background in hedge funds approached Polestar with a view to acquiring an Australian business, Financial Services of Australia PTY (“FINSA”) and investing in it for future growth.
FINSA had been set up to target the CFD market in Australia and had a platform together with an Australian Financial Services Licence from ASIC and was looking to secure investment to allow it to expand and attract business.
Polestar was engaged to assist in the assessment of the opportunity, modelling of forecast returns and negotiation of terms with the vendor and management.
Through its platform clients were able to access a wide range of market CFDs and spread betting markets, primarily across world indices such as Dow Jones, S&P, Nikkei, Hang Seng, FTSE, All Ordinaries Index etc, through a single account.
Polestar’s work included advising on the terms of the acquisition, financing and risk mitigation strategies for investors.
