Hairmax International, a beauty products group, is seeking to partner or invest with a company that provides financial services to commercial businesses.
The North Carolina-based business already has strategic alliances with Bank of America and other financial institutions on a regional level, via its commercial finance unit. The company now wants to expand its lending operations, which have grown from $100bn in credit extended in the 1994 to more than $320bn today.
Hairmax says it expects to invest or partner with a company – identity unknown – that provides factoring and asset-based loans. According to a statement, the company will utilise this potential opportunity to serve as a financial platform for new acquisitions.
Hairmax International specialises in business development within the personal services industry.
Source: Business Wire
