Pepper Group announced the proposed acquisition of Pepper by KKR
- Posted 13-08-2017
On 10 August 2017, the Directors of Pepper Group Limited (“Pepper”) announced the proposed acquisition of Pepper by an affiliate of KKR, a leading global investment firm. This means that if the transaction were to complete, Pepper Group would de-list from the Australian Securities Exchange and return to private ownership.
If it were to return to private ownership, it is envisaged that KKR would own at least 50% of Pepper Group, with existing senior management continuing to hold a meaningful percentage.
Pepper shareholders will be given the opportunity to vote on the Scheme at a meeting of shareholders which is expected to be held in late October 2017.
This transaction is not expected to result in any changes for Pepper and it will be business as usual for our aggregator and white label partners, brokers and customers.
For more information please contact:
Corporate Affairs Manager
Pepper Group Limited
(02) 9463 4675
0438 855 991