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Credit Clear Limited (ASX:CCR)

ALERT: Price-sensitive ASX Announcement for CCR
Current share price for CCR : $0.135 -0.135 (-50%)+
Announcement
Release
22 Oct 2025 9:31AM
Price at Release
$0.270
Full Release
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Summary
Credit Clear Limited announced the acquisition of ARC Europe, a debt collection agency based in the UK, for A$10.9 million. This acquisition is set to be earnings and EPS accretive within the first year, supported by a successful $20.75 million Placement. The acquisition, partly funded by Chair Paul Dwyer's increased investment, aims to expand Credit Clear's market reach and efficiency by integrating ARC's operations with its digital platform, pending approval from the UK Financial Conduct Authority.
Key Points
  • Credit Clear Limited has entered into a binding agreement to acquire ARC Europe, a UK-based debt collection agency, for A$10.9 million.
  • The acquisition is expected to be earnings and EPS accretive in its first year of ownership.
  • The acquisition will be funded through a combination of cash and shares in Credit Clear, with a deferred earn-out based on EBITDA growth.
  • Credit Clear completed a $20.75 million Placement to support the acquisition and future growth opportunities.
  • Chair Paul Dwyer subscribed for $8 million in the Placement, increasing his shareholding to approximately 8.2%.
  • The acquisition will expand Credit Clear’s geographic footprint and unlock cross-sell opportunities in the UK and European markets.
  • The acquisition aims to integrate ARC Europe’s operations with Credit Clear’s digital platform to enhance efficiency and growth.
  • The transaction is subject to UK Financial Conduct Authority approval.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.