Page 3 - Pepper Group News Today

Gilbert + Tobin has advised Australian alternative lender specialist Pepper Money on an IPO and ASX listing with an approximate value of $1.3 billion.

The major miners helped the Australian sharemarket shrug off the impact of Victoria entering a seven-day lockdown, with local shares managing to eke out a gain. 

The non-bank lender has officially been admitted to the official list of ASX Ltd, with trading commencing on a conditional and deferred basis under the code PPM.

Mortgage Business Pepper issues second RMBS for 2021 By Reporter 30 April 2021 The non-bank lender has priced a $750-million non-conforming transaction, with pricing for the AI notes at the lowest price since before the GFC. Pepper Group has announced that it has priced a $750-million residential mortgage-backed securities (RMBS) transaction cal...

Blackstone-backed LaTrobe Financial eyes $2b IPO Share Booming non-bank lender and credit manager LaTrobe Financial will consider a trade sale or IPO that could value that business at more than $2 billion, as investor interest in the non-bank sector surges. US investment giant Blackstone owns 80 per cent of LaTrobe, with the balance held by chief executive Greg O’Neill, whose family started the business in regional Victoria in 1952. An initial public offering is a live option in the strategic...

(Recasts and adds CEO comment on briefing call) SYDNEY, Feb 1 (Reuters) - Australia’s Link Administration Holdings Ltd on Monday said it would prioritise a trade sale for its coveted stake in online conveyancing firm PEXA within months, instead of a demerger as it looks to capitalise on a property market rebound. The strength of the housing market had influenced the decision to sell the stake outright instead of distributing PEXA shares to Link investors, the company said, even though it woul...

Link Group, an Australian-listed firm, has pulled out of a €200m deal to buy Pepper European Services (PES), which included Pepper Ireland. In a statement on Monday to the Australia Securities Exchange, Link said completion of the deal was subject to regulatory approvals and commercial conditions, and the final date for these to be met under the Share Purchase Agreement (SPA) was 30 January 2021. “As the long stop date has passed without a transaction being completed, Link Group has exercis...

Link Group decides to withdraw from Pepper deal Updated / Monday, 1 Feb 2021 14:47 Link Group has dropped its deal for Pepper Link Group has informed the Competition and Consumer Protection Commission (CCPC) that it has decided not to proceed with acquiring Pepper and considers the proposed deal to be withdrawn. Last January, Australias Link Group announced a deal to buy Pepper European Servicing (PES) from Pepper Group for a consideration of up to €200m. The deal includes Pepper Ireland, wh...

Beforepay closes $9 million pre-IPO round Share Next-generation buy now, pay later start-up Beforepay banked $9 million in pre-initial public offering funding, as it looks to capitalise on the momentum in the sector. The round was led by Alium Capital and had participation from other high net worth investors. James Spenceley, left, sits on the share register of fintech start-up Beforepay, co-founded by Tarek Ayoub, right.   Supplied Speaking to The Australian Financial Review, founder Tarek ...

Mortgage Business 13 January 2021 The non-bank lender is set to enter into the Japanese loan market after acquiring a Japanese loan services company. Global loan servicing and loan company Pepper Group has announced that it will enter the Japanese financial services market, after acquiring 100 per cent of Millennium Holdings KK, the holding company of Millennium Corporation (Millennium). Millennium, which was first established in 2000,...