Good evening,

Latitude Financial’s third run at the ASX boards just got a big shot in the arm.

As revealed by Street Talk this afternoon, Japanese financial services company Shinsei Bank has taken a 10 per cent stake in the credit cards and consumer finance outfit, valuing it at $3 billion.

And Latitude is expected to use the momentum behind Shinsei’s investment to propel it onto the ASX.

The question though is will it be enough for institutional investors to back Latitude in what is its third run at the local bourse since 2018. Tonight, we take a look at the deal.

Elsewhere in float land, flower grower and wholesaler Lynch Group put its $314 million IPO to funds this morning and we reveal what some of that money will be used to buy.

Finally, two dealmakers from Affinity Equity Partners have resigned from the pan-Asian buyout firm.

Happy reading,

Sarah Thompson, Anthony Macdonald and Tim Boyd

Street Talk Editors