Diversified Financial Services
Company Overview of OzForex Group Limited
OzForex Pty Limited provides foreign exchange services to business and individual customers in Australia, the United Kingdom, Canada, the United States, Europe, and the Asia Pacific. The company offers international money transfer services; foreign exchange products, including spot deal, forward contracts, limit orders, and foreign exchange options; and travel card payment services to individuals. It also enables small businesses, corporate clients, and financial institutions to pay overseas vendors and suppliers, receive funds from overseas, and manage their foreign exchange risks. In addition, the company offers forex tools for converting currencies, comparing exchange rates, viewing histo...
10 Bridge Street
Sydney, NSW 2000
Founded in 1998
Key Executives for OzForex Group Limited
OzForex Group Limited does not have any Key Executives recorded.
OzForex Group Limited Key Developments
OzForex Group Limited Announces Consolidated and Pro-Forma Earnings Results for the Six Months Ended Sep. 30, 2013
Nov 19 13
OzForex Group Limited announced consolidated and pro-forma earnings results for the six months ended Sep. 30, 2013. For the period, on consolidated basis, the company reported, net interest income of $0.8 million against $1.0 million a year ago. Net operating income was $61.6 million against $24.8 million a year ago. EBTDA was $13.2 million against $12.2 million a year ago. Profit before tax was $12.9 million against $12.0 million a year ago. Net profit after tax was $9.5 million against $8.5 million a year ago. EBITDA was $12.4 million against $11.2 million a year ago. Net cash flows from operating activities were $44,860,000 against $11,876,000 a year ago. Payments for property, plant and equipment were $267,000 against $537,000 a year ago.
For the period, on pro-forma basis, the company reported net interest income of $0.8 million. Net operating income was $35.1 million. EBTDA was $13.4 million. Profit before tax was $13.1 million. Net profit after tax was $9.6 million. EBITDA was $12.6 million.
OzForex To File For IPO Next Week
Sep 19 13
OzForex Pty Ltd. is expected to file for its initial public offering next week. The IPO's prospectus for an ASX listing will be sent out next week. A share sale, which may value OzForex at 18 times or 19 times future earnings, may occur within September 2013. Accel Management Co, Inc., The Carlyle Group LP (NasdaqGS:CG) and Macquarie Financial Ltd., who each about a 20 per cent stake in OzForex, will sell all their shares in the IPO. The decision by the OzForex board to sell shares instead of selling itself to one of three final trade bidders came because the underwriters were able to provide Accel and Carlyle with a faster settlement time and were able to commit to a deal immediately. Accel and Carlyle were concerned about a quick closing of a deal because of the recently appreciating Australian dollar against the US currency. OzForex did not disclose the identity of the three bidders for it.
Private Equity Firms To Invest In OzForex
Aug 22 13
OzForex Pty Ltd. has welcomed private equity firms like Bain Capital, LLC, Permira and Silver Lake for its dual-track sale. Travelex is also interested in the dual-track sale.
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Recent Private Companies Transactions
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