July 24, 2017 7:30 PM ET

Thrifts and Mortgage Finance

Company Overview of FirstMac Limited

Company Overview

FirstMac Limited operates as a specialized home loan lender, loan servicer, and fund manager in Australia. The company is engaged in the mortgage origination and management, retail mortgage lending, residential mortgage securitization, and securitization and investment management activities. It provides loans for the purchase and refinance of residential property serving the owner occupier and investor markets. The company also offers residential mortgage financing services at a retail level through an online broker business; and home loan products to approximately 500 mortgage managers, brokers, and aggregator groups. It serves a customer base of 35,710 borrowers. FirstMac Limited was forme...

Level 40, Riverside Centre

123 Eagle Street

Brisbane, QLD 4000

Australia

Founded in 2000

124 Employees

Phone:

61 7 3017 8888

Fax:

1800 009 456

Key Executives for FirstMac Limited

Managing Director and Director
Age: 62
Chief Financial Officer and Chief Investment Officer
Executive Director
Age: 59
General Manager of Sales & Marketing and Company Secretary
Financial Controller
Compensation as of Fiscal Year 2017.

FirstMac Limited Key Developments

FirstMac May Withdraw Business From Sale

The trade sale of FirstMac Limited appears to be hanging in the balance, with speculation that the owner may be about to withdraw the business from sale

FirstMac Receives First-Round Bids

First-round bids for FirstMac Limited were submitted on July 27, 2016 and interest was thin on the ground. Several strategic and private equity buyers pulled away from the process due to price expectations, according to sources. Goldman Sachs is handling the sale.

Firstmac Puts Itself On The Block

FirstMac Limited has put up for sale with Goldman Sachs hired to find a strategic investor or buyer for the whole company. Goldman has approached potential buyers including banks, private equity firms and offshore strategic players in recent days.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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