News
Baedex buys Propell
February 8th, 2011
It is with great excitement that we announce that Baedex has recently purchased Propell, a prominent player in the sectional title funding market. By combining our strengths we are uniquely positioned to provide a comprehensive levy finance solution nationwide.
The combined group will be employing over 50 people and will together be involved with approximately 350 sectional title schemes across the country. The group will operate from the current Baedex offices in Tygervalley and will be headed by Willem le Roux, the current Chief Executive Officer of Baedex.
The impact of the transaction on owners will be minimal, but going forward, it is important to note that Baedex will be adopting the Propell brand.
Our goal is to remain the market leader in levy financing and to offer first-rate client service coupled with a strong focus on collections. Existing, as well as prospective clients, can look forward to reaping the benefits of this combined enterprise, which will also be in a position to offer a wider range of products.
It is with great excitement that we announce that Baedex has recently purchased Propell, a prominent player in the sectional title funding market. By combining our strengths we are uniquely positioned to provide a comprehensive levy finance solution nationwide.
The combined group will be employing over 50 people and will together be involved with approximately 350 sectional title schemes across the country. The group will operate from the current Baedex offices in Tygervalley and will be headed by Willem le Roux, the current Chief Executive Officer of Baedex.
The impact of the transaction on owners will be minimal, but going forward, it is important to note that Baedex will be adopting the Propell brand.
Our goal is to remain the market leader in levy financing and to offer first-rate client service coupled with a strong focus on collections. Existing, as well as prospective clients, can look forward to reaping the benefits of this combined enterprise, which will also be in a position to offer a wider range of products.