Macquarie acquires GMAC lease and loan book
(6 May 2010 – Australia) Macquarie Bank Ltd has purchased a portfolio of auto loans and retail leases from GMAC Australia in a transaction valued at A$1 billion.
Consisting of financing deals over 60,000 cars, the consideration paid by Macquarie has not been disclosed.
The acquired assets are to be managed by a unit of Macquarie’s Corporate and Asset Finance business, known as Macquarie Leasing. This business unit within the group holds assets under management of some A$13.6 billion as at the end of March 2010.
The acquired assets are to be managed by a unit of Macquarie’s Corporate and Asset Finance business, known as Macquarie Leasing. This business unit within the group holds assets under management of some A$13.6 billion as at the end of March 2010.
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