Investment Matters

Company News

CML Group announced the acquisition of Thorn Group’s Trade and Debtor Finance division, for ~$39m.  It is a strong strategic fit for CML, and grows the loan book considerably.  The business being acquired currently offers confidential invoice discounting, factoring, selective debtor funding and trade finance – hence the synergy with CML.  The acquisition will be funded through the company’s existing cash and debt facilities.