Pepper Group acquired by KKR in A$675.9 million scheme of arrangement

Client(s) Pepper Group Limited

Jones Day advised Pepper Group Limited ("Pepper") on the acquisition of a controlling interest in Pepper by way of scheme of arrangement by an affiliate of KKR, a leading global investment firm.

The acquisition valued Pepper's fully diluted equity at approximately A$675.9 million (US$532.7 million) and involved a cash offer together with a scrip option which afforded shareholders the opportunity to elect to retain an interest in the Pepper business.

Pepper is an ASX-listed company that offers a global portfolio of financial services including Lending, Advisory and Asset Servicing across the residential and commercial property sectors, as well as in consumer, auto, and equipment finance.