Brendan Burgess
Founder
- Messages
- 54,774
Press announcement this morning - extract
Link Group
31 January 2020 - Link Group today signed an agreement to acquire Pepper European Servicing (PES) from Pepper Group for an upfront consideration of €165 million (A$266 million). Further, the meeting of Assets Under Management (AUM) thresholds and growth milestones could trigger additional consideration of €35 million (A$56 million).
PES provides end-to-end loan servicing and asset management across residential and commercial segments, with strong market positions and longstanding customer relationships in the UK, Ireland, Spain, Greece, and Cyprus. The acquisition will deliver immediate scale for Link Group’s Banking and Credit Management (BCM) division in existing and new jurisdictions.
Link Group
Pepper European Servicing
Link Group to acquire Pepper European Servicing
- Link Group to acquire Pepper Group’s European loan servicing, asset management and advisory business for an upfront cash payment of €165 million
- Transaction is expected to complete in the second half of 2020
- Will create leading pan-European assert servicer with significant potential for growth
31 January 2020 - Link Group today signed an agreement to acquire Pepper European Servicing (PES) from Pepper Group for an upfront consideration of €165 million (A$266 million). Further, the meeting of Assets Under Management (AUM) thresholds and growth milestones could trigger additional consideration of €35 million (A$56 million).
PES provides end-to-end loan servicing and asset management across residential and commercial segments, with strong market positions and longstanding customer relationships in the UK, Ireland, Spain, Greece, and Cyprus. The acquisition will deliver immediate scale for Link Group’s Banking and Credit Management (BCM) division in existing and new jurisdictions.