Pepper sees growth where banks wonât go
The boss of non-bank lender and IPO prospect Pepper Group, says emotion is helping to drive the hot housing market and expects the scars left by COVID to provide an opportunity for growth.
Apr 12, 2021 â 12.00am
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Mario Rehayem, the chief executive of Australia for leading non-bank lender and highly-touted IPO prospect Pepper Group, sees the house price boom a little differently from his big-bank counterparts.
House prices might be surging, but lenders arenât letting standards slip, the boss of Pepper Group says. Â
David Rowe
Thereâs no doubt post-COVID-19 consumer confidence is helping to fuel the recent jump in prices. And the Reserve Bankâs promise to keep interest rates low for the next three years has been well and truly heeded by borrowers.
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Your support of our work is inspiring and invaluable. / Philly’s Gun Violence Solutions Are Locked Up in Prison With the Souls Who Researched and Created Them
Philly’s Gun Violence Solutions Are Locked Up in Prison With the Souls Who Researched and Created Them
Solutions for the causative factors of gun violence are in prison.
As of this writing, 129 homicides by gun and approximately 418 nonfatal shootings have occurred in the City of Philadelphia, the fifth largest metropolitan area in the United States. The City’s police force is pulled helter skelter from one end of the city to the other end responding to homicides by gun and nonfatal shootings that occur daily. Resources are being stretched dangerously thin. Cacophonous cries for an end to gun violence reverberates through traumatized neighborhoods.. Where a
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Sunnies on! Summit Partners buys out Quay Australia founders
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A US private equity firm has made another investment in sunglasses seller Quay Australia.Â
One week after closing a deal to buy a stake in streetwear clothing and sneakers seller Culture Kings â first revealed by this column in February â Street Talk understands Summit is back for more with eye-wear business Quay Australia.
Sources told this column Summit had inked a deal to buy the 40 per cent of the sunglasses and accessories retailer that it didnât already own, buying out Quayâs founding Hammond family in full.
The Hammonds set up Quay in 2004. It sells menâs and womenâs sunnies, jewellery and accessories, and has collaborated with the likes of American media personality Kylie Jenner.
MinterEllison loses M&A partner to Squire Patton Boggs
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MinterEllison M&A partner Michael Gajic has left the building.
Arsineh Houspian
It is understood after almost 10 years at Minters, Michael Gajic has decided to take on a new role at global law firm Squire Patton Boggs.
Squire has a small – but growing – presence in Australia, with offices in Darwin, Perth and Sydney, and part of Gajic’s remit will be to help drive the growth of its local public M&A practice.
It’s another high-profile loss for Minters, which saw three of its PE partners – Ricky Casali, Glen Sauer and Chris Allen – resign en masse a few months ago, alongside finance partners John Mosley and Stewart Robinson.