London, 5 November 2024 – Pepper Global today announced that it has entered into an agreement to sell Pepper Advantage, a leading credit management firm with operations in Europe and Asia, to J.C. Flowers & Co., a private investment firm dedicated to investing in the financial services industry, subject to regulatory approvals and customary closing conditions. Terms of the agreement are not disclosed.
The transaction and impending change in ownership marks a significant milestone both for Pepper Advantage and for Pepper Global.
Following completion of the transaction, Pepper Advantage will continue to provide loan management services to our Pepper Money lending business in the United Kingdom.
Andrew Smith, Group Chief Operating Officer and Company Secretary, Pepper Global, said,
“The sale of Pepper Advantage to J.C. Flowers & Co represents an excellent outcome for Pepper Global shareholders. The Pepper Advantage management team has built a world-leading credit management firm spanning Europe and Asia, which has created significant value for all stakeholders involved. We continue to share the vision and strategy of Fraser Gemmell and his team and are excited for their next stage of growth under the ownership of J.C. Flowers & Co.”
The transaction is expected to complete in the first quarter of 2025, pending regulatory approvals and other customary closing conditions.
For media inquiries or further information regarding the acquisition, please contact Sara Chaplin at schaplin@pepper-group.com.
About Pepper Global:
Pepper Global is a diversified financial services company that builds, scales, finances and manages lending and credit management businesses across Asia Pacific and Europe. Founded in 2000, the company manages approximately $75 billion (USD) in assets across 10+ asset classes generating a broad set of lending, servicing and technological capabilities. Pepper Global aims to help underserved and undervalued segments in the market, providing flexible and bespoke credit solutions and end-to-end credit management to over 2.5 million borrowers, small businesses and servicing clients.
About Pepper Advantage:
Pepper Advantage is a global credit intelligence company that offers a range of data led and credit management services via a technology platform that spans across Asia, Europe, and the United Kingdom. The company, with $55 billion (USD) assets under management, operates in multiple asset classes including residential and commercial mortgages, real estate, SME loans, asset financing and leasing, auto and consumer loans, credit cards, retail finance and BNPL, in addition to offering outsourced operational support services to both financial and non-financial clients. It helps investors, financial institutions, Fintechs, and banks manage their credit portfolios, reducing the cost and complexities of systems and supporting new non-bank lending, with a particular focus on clients whose customers are underserved by traditional mainstream lenders.