Capita Finance transitions to broker-led ownership with AFG backing
ASX-listed mortgage aggregator AFG has completed a minority investment in Capita Finance Group, a Perth-based mortgage brokerage, as part of the aggregator's ongoing Broker Investments program.
The transaction is the sixth completed under the program since its launch in November 2024. AFG has now established equity partnerships with brokerages operating across Western Australia, Victoria, New South Wales and Queensland.
Under the deal, Capita has transitioned to ownership by its existing broker group, led by newly appointed managing director Adam Donald. AFG holds a non-controlling stake.
Capita was founded in October 2013 by the founders of Realmark Real Estate, with a model that combines property and finance services across the real estate transaction lifecycle.
"Capita is exactly the kind of business we're focused on supporting: a high-performing brokerage with a strong foundation and a clear runway for growth," said David Bailey (pictured top), chief executive of AFG. "We see a real opportunity to work with the team as they take the business into its next phase."
The Broker Investments program provides brokerages with access to capital and strategic support while leaving their independence, brand and day-to-day management intact. Prior investments under the program include Empower Wealth Group, Lifespan Mortgage Services, Loan Path Finance, TS Finance Broking and asset finance specialist Network Finance.
"With six investments completed, and additional investments made by these groups, we're seeing the program build," Bailey said. "The market is changing and brokers are increasingly looking for partners who can help them grow, plan for succession or build long-term value, and that's exactly what this program is designed to do."
Ben Della-Vedova, representing the sellers, said the business had been built around service quality and integration between property and finance. "We are confident that this transition supports the long‑term interests of the business, its brokers and clients, and positions Capita well for the future with the backing of AFG and an experienced leadership group," he said.
"Capita is a well‑established business with a strong broker network and trusted referral relationships," Donald added. "Our focus is on building sustainable growth through disciplined execution, broker support and collaboration. We place significant value on our ongoing relationship with AFG, as well as our clients and referral partners, which will remain central to our operating model."
Capita intends to expand its broker network within Western Australia and continue working with AFG and its referral partners.
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