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(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 would mean paying capital gain taxes of about 30% on a deal. Late last year, attracted by its 44.2% stak...

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 exercised its right to terminate the SPA and not to proceed with the acquisition,” the company said. Last...

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Commission (CCPC) that it has decided not to proceed with acquiring Pepper and considers the proposed deal to be withdrawn.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, Australia's 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, which had about €18 billion of assets under management at the end of 2019. Pepper Ireland services ...

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 Ayoub said an IPO was definitely on the cards, but he was still to decide on the timing. Advertiseme...

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, holds a loan servicing licence granted by the Minister of Justice of Japan and offers loan servicin...