Australian Finance Group Ltd - Connective Group Pty Ltd

Acquirer(s)

  • Australian Finance Group Ltd

Target(s)

  • Connective Group Pty Ltd

Summary

Australian Finance Group Ltd proposes to acquire Connective Group Pty Ltd.

AFG and Connective are both mortgage aggregators that provide their affiliated brokers access to loan products (from their panel of lenders) which brokers in turn provide to their customers. Mortgage aggregators like AFG and Connective also provide a range of support services to brokers to assist them in running their businesses. 

Market inquiries

Submissions are invited from interested parties regarding the proposed acquisition of Connective by AFG by 14 November 2019.

Submissions should be forwarded electronically (preferably in PDF format) to mergers@accc.gov.au with the title: “Submission re: AFG/Connective – attention Morgan Woodland/Tash Venaik”. Alternatively submissions may be mailed to the Merger Investigations Branch, ACCC, GPO Box 3131 Canberra ACT 2601.

Following 14 November 2019, queries regarding the ACCC’s review may be addressed to Morgan Woodland/Tash Venaik at mergers@accc.gov.au.

For more details, please refer to the Market Inquiries letter below. 

Market inquiries

Document title Date

Timeline

DateEvent
23/10/2019ACCC commenced informal review under the Informal Merger Review Process Guidelines.
14/11/2019Closing date for submissions.
23/01/2020Provisional date for announcement of ACCC’s findings (as outlined in the Informal Merger Review Process Guidelines, this may be a final decision or release of a Statement of Issues).

Project staff

  • Morgan Woodland
  • Tash Venaik

Contact email