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Pharmacy Guild buys into NetFin

THE Pharmacy Guild of Australia has emerged with a stake in specialist Booragoon business finance consulting firm, NetFin Pty Ltd, through its subsidiary Guild Group. NetFin was established by former banker Paul Rowe to service specialist business sectors such as healthcare and is budgeting to lend between $500 million and $600 million this financial year as part of its finance broking operations. Mr Rowe said the joint venture would help grow the business. He would not comment on the price or the exact size of the guild stake, though it is understood to be sizeable, possibly even as much as half of the NetFin business. NetFin already has operations in Melbourne and is seeking to open an office in Sydney before looking at other eastern seaboard locations. Mr Rowe told WA Business News the deal came from discussions that were sparked by a presentation to guild financial planners. NetFin currently has nine staff. The Guild Group offers members of the healthcare, childcare and aged care sectors, and expertise and services in insurance, financial services, funds management, legal and accounting advice. “With the infrastructure support that the Guild Group can provide we have an opportunity to bring NetFin’s service offer to a broader audience nationally,” Mr Rowe said in a statement. Mark Pownall

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