How tailored finance can power business progression

Ambitious businesses often face moments of uncertainty or doubt when the next phase of growth depends on finding the right finance partner to help them move forward with confidence. In these moments, the right financing structure can make all the difference, unlocking investment, restoring stability and turning possibility into performance.

Here, we explore how CommBank’s Corporate Finance team supports that ambition. Through three distinct case studies, it shows how large corporate businesses across Australia are using tailored finance to reset their foundations, expand nationally and regain ownership of their futures. Each example highlights that corporate finance is not simply transactional but a relationship that enables transformation.

“Our role in corporate finance is to look beyond the transaction and understand what each business truly needs to grow,” says Jade Astbury, General Manager, Corporate Finance, CommBank. “We take the time to listen, even when the challenge is complex or others have stepped back. The right financing structure can do more than unlock capital. It can help businesses create jobs in local communities. Each of these stories shows how purpose-led financing can be impactful for organisations.”

1. An Australian icon’s new path

The client: SPC Global is a century-old Australian food manufacturer and one of the largest employers in Victoria’s Goulburn Valley. The company, one of the largest producers of packaged fruit, fruit snacks, tomatoes, baked beans and tinned spaghetti in Australia, had recently undergone a significant transformative capital event, merging four companies to form SPC Global and re-listing on the ASX. With strong and enduring ties to the local grower community, SPC Global is deeply embedded in the regional economy and is an important participant in Australia’s critical food manufacturing industry.

The challenge: Before the transaction, the business was emerging from a period of ownership change and underinvestment, with operations spread across a number of separate business lines and underutilised assets on its balance sheet. The timing of grower payments coincided with the early stages of new revenue development, calling for disciplined cash flow planning. The challenge for CommBank was to design a structure that would consolidate SPC Global’s operations, provide working liquidity, and reset its funding base in a way that aligned with the company’s long-term vision.

The solution: CommBank invested significant time with SPC Global’s leadership to understand their objectives and design an end-to-end financing solution. The structure integrated trade, working capital and asset finance, covering the entire supply chain from fruit collection and processing to equipment funding.

The arrangement helped to stabilise the business financially, supporting the brand’s public re-establishment. The refinancing gave SPC Global the flexibility to pay growers on time, strengthen its balance sheet and prepare for international expansion, particularly in Asia.

Beyond financial support, the transaction reinforced SPC Global’s role as a cornerstone employer and a vital contributor to the Goulburn Valley economy. By enabling a stronger, more resilient business model, CommBank helped set the foundation for the next chapter of one of Australia’s most recognisable regional brands.

2. Scaling a national vision

The client: Revo Fitness, founded in Western Australia in 2012, has grown from a single-site start-up into a national fitness network with more than 70 locations across Australia.

Built on a simple, low-cost operating model, the business is recognised for making health and fitness more accessible. Still founder-led and entrepreneurially driven, Revo has established a strong brand in WA and sought to build on this momentum to become a national player.

The challenge: After a decade of rapid organic growth, Revo was ready to move from a regional leader to a truly national competitor. The business had ambitions to deepen its interstate presence through a mix of acquisitions and new sites, but this required significant growth capital.

Having outgrown its previous commercial banking arrangements, Revo needed a funding solution that could support both the scale of its expansion and the operational agility that had made it successful.

The solution: CommBank provided a tailored growth capital package, including a $50 million facility that enabled Revo to acquire Crunch Fitness sites in Melbourne, with additional headroom to support future acquisitions and the rollout of new locations across the country. The transaction marked the company’s transition into the bank’s Major Client Group, reflecting its maturity and national ambitions.

By aligning tailored finance solutions with Revo’s expansion and acquisition strategy, CommBank helped the business maintain its low-cost model while pursuing additional scale. The facility provided Revo with financial support for its expansion and acquisition plans, helping the business chase its goals. The relationship demonstrates how corporate finance can aid entrepreneurial businesses in moving beyond their regional bases and strengthening their brands on the national stage.

3. Unlocking growth through ownership

The client: Jones Radiology is a South Australian radiology group with deep community roots. It celebrated 100 years of service in 2025. For a century, the organisation has supported patients across the state through locally based radiologists committed to delivering accessible, high-quality diagnostic imaging.

The challenge: Under its existing ownership model, growth at Jones Radiology had become constrained. An institutional minority shareholder retained significant influence over strategic decisions and capital allocation. Its national focus meant investment was directed towards other markets, leaving Jones limited capacity to expand services in South Australia.

The doctors, who understood the local health needs and saw rising demand from an ageing population, wanted to invest in new clinics but lacked control over decision-making. Determined to regain autonomy and redirect growth towards their community, the doctor-shareholders sought a way to buy back the business and reassert local ownership.

The solution: CommBank delivered a tailored debt package that allowed the doctors to purchase the minority interest in the business within a narrow transaction window. The financing structure gave the clinician-owners the capital they needed to regain control and position the business for expansion.

The buyback not only restored local ownership but also enabled Jones Radiology to invest directly in new clinics and upgraded facilities to meet community demand. The transaction showcased how bespoke finance can empower professionals to pursue growth on their own terms, while strengthening services in regional and metropolitan areas.

With the deal completed, Jones now has the flexibility and opportunity to accelerate its expansion and continue delivering patient care aligned with South Australia’s evolving health needs. This underscores how CommBank supports purpose-driven enterprises to combine commercial success with meaningful community outcomes.