Anchorage Capital Partners has acquired ELF Group, a New Zealand-based company specializing in asset finance and heavy equipment distribution, marking its fourth investment in the Fund IV portfolio.

Target Information

In May, Anchorage Capital Partners completed the acquisition of ELF Group, a prominent company based in New Zealand. ELF Group comprises two distinct business units: Speirs Finance and ABE. Speirs Finance specializes in providing asset finance and leasing solutions, effectively catering to a broad range of customers by financing critical business assets with low levels of customer arrears and engaging high-quality counterparties.

On the other hand, ABE is focused on the sale, distribution, and maintenance of heavy equipment. This business unit operates as a comprehensive platform, offering diversified equipment distribution, leasing, and service solutions across multiple industries and franchises while benefiting from a robust nationwide infrastructure.

Industry Overview

The equipment leasing and asset finance industries in New Zealand are characterized by steady growth and a strong demand for innovative financing solutions. With a growing number of businesses seeking capital to invest in critical infrast