Anchorage Acquires ELF Group
Anchorage Capital Partners ("ACP") completed the acquisition of ELF Group on 31 May 2024.
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ELF Group is based in New Zealand and consists of two business units – Speirs Finance, which offers asset finance and leasing solutions, and ABE, which provides heavy equipment sales, distribution, and maintenance.
The Speirs business is scaling quickly and finances a quality book of critical business assets with low customer arrears and high-quality counterparties. ABE is a diversified equipment distribution, leasing and service platform across industries and franchises, combined with nationwide infrastructure.
ELF Group is the fourth investment in Anchorage Capital Partners Fund IV.
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