J.C. Flowers to acquire Pepper Advantage
Private investment firm J.C. Flowers & Co has agreed to the acquisition of credit management firm Pepper Advantage from owner Pepper Global.
The transaction is expected to complete in the first quarter of 2025, pending regulatory approvals. After the deal’s completion, Pepper Advantage will continue to operate as an independent entity, with its existing management team.
The terms of the agreement were not disclosed.
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“We are delighted to join forces with J.C. Flowers & Co as we embark on the next phase of our growth strategy,” said Pepper Advantage group chief executive Fraser Gemmell. “Their extensive experience and resources will provide us with the support we need following a period of prolonged success under the ownership of Pepper Global and will help us enhance our offering. This deal comes at a critical junction in credit markets as we continue to support our clients in an evolving market environment.”
J.C. Flowers & Co managing director Peter Yordán added: “We believe Pepper Advantage is a leader in the international credit management space, and together with its management team, we will work to capitalise on emerging opportunities and drive continued operational excellence at the company.”
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J.C. Flowers was founded in 1998 and has invested more than $18bn (£13.8bn) of capital, including co-investment, in 66 portfolio companies in 18 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. It has approximately $5bn of assets under management (AUM).
Pepper Advantage has $55bn AUM and 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.
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