SYDNEY – Australian non-bank lender Pepper Money Limited PPM.AX said on Monday it has entered a consortium with global investment firm KKR KKR.N to acquire the RAMS home loan portfolio from Westpac Banking Corp. The portfolio comprises A$21.4 billion ($13.9 billion) in residential mortgages as at September 30, 2025. Under the binding agreement, Pepper Money…
SYDNEY: Pepper Money Limited (ASX: PPM) has exercised the call option over the remaining 35% stake in Stratton Finance Pty Limited. As previously announced, Pepper Money completed the acquisition of the 65% interest in Stratton on 1 July 2022. At the same time, the parties also entered into a Put and Call Option in…
SYDNEY, AUSTRALIA: Pepper Money Limited (ASX:PPM) has executed binding agreements to acquire a 65% interest in Stratton Finance Pty Limited (Stratton) for $78.0 million. The acquisition is subject to Foreign Investment Review Board (FIRB) approval and other customary conditions precedent and is anticipated to complete in Q3 CY2022. The transaction values Stratton at $120.0…