Flexigroup eyes acquisitions

FlexiGroup (FXL) has hired consultants Bain & Company to review its operations and create a six-year plan partly based on an "aggressive" acquisition strategy, The Australian Financial Review reports.

According to the newspaper, the finance provider is targeting $200 million in net profits by 2020, almost triple the $72m it posted in full-year 2013.

The firm has set itself the goal of becoming a top 100 ASX company, from the current position of 153rd largest listed company by index weighting, the AFR reports.

The group also plans to expand beyond its main businesses of leasing equipment and financing retailers' interest-free repayment offers.