Splend
Liberty advises the management team of Splend on their investment from IFM Investors
Liberty Corporate Finance is delighted to announce they have advised the management team of Splend Group Pty Ltd (“Splend”) on their investment from IFM investors (“IFM”).
We’re incredibly excited to partner with IFM, such a highly regarded global investor, who are very aligned and supportive of our ambitious plans. This investment will underpin the next stage of our growth strategy. We appreciated the support of Tom and the Liberty team through the process who were a trusted sounding board and provided pragmatic advice.
Chris King
CEO of Splend
Splend is an Australian-owned company that is a leading provider of subscription vehicles to rideshare drivers across Australia and the United Kingdom. Founded in 2015, Splend has one of the largest electric vehicle fleets in Australia and is supporting rideshare drivers to adopt lower emission vehicles through its all-inclusive flexible finance and ownership offerings whilst improving their earnings capacity.
The partnership with IFM Investors underscores the firm’s dedication to sustainable investments and innovative business models. The capital injection will allow Splend to scale its operations and capture new opportunities in the rapidly expanding rideshare sector.
It was great to deliver Liberty's unrivalled expertise in management incentives to Chris, Tom, and the team. Partner alignment is crucial, especially for founder-led businesses and we are sure it will contribute to Splend’s ongoing success.
Tom Anning
Partner - Head of Asia Pacific
+61 424 065 316
[email protected]