5 Dec 2010: Bluestone Profits from readiness to remake itself, Weekend Australia Financial Review article
Bluestone boss Alistair Jeffery was able to sidestep disaster by responding quickly and astutely to the advent of the credit crisis, writes Jane Searle.
1 Dec 2010: Mac buys into Bluestone, Australian Newspaper Article
Macquarie Bank will acquire a 17.5 per cent interest in non-bank lender Bluestone Group through buying newly issued shares. Bluestone will use the proceeds to expand in Australia, New Zealand and Europe.
30 Nov 2010: Macquarie buys into asset firm Bluestone, City AM Article
Australian bank Macquarie has acquired a 17.5 per cent stake in capital and asset management group Bluestone for between £5 and £10m, it announced yesterday.
30 Nov 2010: Bluestone Group gets investment from Macquarie Group, Smart Company Article
Bluestone Group, the financial services company that enjoyed explosive growth during the low-doc loans boom of the early 2000s, has flagged a return to the non-conforming loans market after banking giant Macquarie Group took a 17.5% stake in the business.
30 Nov 2010: Bluestone stake lifts Mac's mortgage exposure, Australian Financial Review Article
Macquarie Bank will take a major stake in mortgage firm Bluestone Group, which plans to resume lending to borrowers with tarred credit histories.
25 Jul 2010: Aussies Target Irongate Contract, Sunday Star-Times Article
Australian Financier Bluestone Group, which rode to the rescue of Irongate Property two weeks ago, is now negotiating to buy the company's management contract and take a 34% stake in the company.
6 Oct 2009: Repositioned Bluestone thrives on arrears front, Australian Financial Review Article
Bluestone Group is reaping more profits as an arrears servicer than during its heyday as a non-conforming mortgage lender, after reinventing to survive the credit crisis.
6 Oct 2009: Servicing balanced Bluestone earnings, The Sheet Article
Bluestone Group has reported a 56 per cent increase in earnings for the year to June 2009, thanks to its move into mortgage portfolio servicing and management.
4 Jun 2009: ABS community gathers in London, Structured Credit Investor
The IMN-ESF Global ABS conference was held on London’s Edgware Road this week – a far cry from the Palais des Festivals et des Congres in Cannes last year, but perhaps a more fitting location given the more realistic tone pervading this year’s panels. Gone is the “cautious optimism” that was bandied around in 2008; in its place a realisation that the securitisation market is broken and that it won’t be fixing itself any time soon.
22 Aug 2008: Bluestone completes purchase of loan receivables from Provincial Finance, PWC Release
The Receivers of Provincial Finance Limited and its wholly owned subsidiary Consumer Credit Limited ("Provincial"), John Waller and Maurice Noone, partners of PricewaterhouseCoopers, today advised that Provincial had sold their remaining finance receivable ledgers to an entity managed by the Bluestone Group ("Bluestone"), an Australasian financial services business. Provincial was placed into receivership in May 2006, owing 11,000 debenture holders approximately $296.1m.