Pepper Money’s $500.1 Million IPO

Gilbert + Tobin has advised Pepper Money Limited on its successful IPO and ASX listing. Jones Day represented Pepper Global on the deal.

Pepper Money raised $500.1 million at $2.89 a share, giving Pepper Money a market capitalisation of approximately $1.3 billion.

The listing saw Pepper Money return to the ASX boards 6 years after it was first listed, and 4 years after it was taken private by KKR’s credit investment unit in 2017, but this time, as an Australian / NZ pure play non-bank lender.

Pepper Money is one of the largest non-bank financial institutions in Australia and New Zealand.

The G+T team was led by Corporate Advisory partner Peter Cook (Picture) with support from special counsel Lucy Hall and Corporate Advisory lawyers Mary Brady, Matthew Wheatley and Clancy Bradshaw. Technology + Digital partner Tim Gole, Intellectual Property lawyer Anna Smyth and Real Estate + Property partner Amanda Hempel assisted with the transitional arrangements.

The Jones Day team included Mark Crean and Amelia Berczelly.

Involved fees earner: Clancy Bradshaw – Gilbert + Tobin; Mary Brady – Gilbert + Tobin; Peter Cook – Gilbert + Tobin; Tim Gole – Gilbert + Tobin; Lucy Hall – Gilbert + Tobin; Amanda Hempel – Gilbert + Tobin; Anna Smyth – Gilbert + Tobin; Matthew Wheatley – Gilbert + Tobin; Amelia Berczelly – Jones Day; Mark Crean – Jones Day;

Law Firms: Gilbert + Tobin; Jones Day;

Clients: Pepper Global; Pepper Money Limited;

Author: Sonia Carcano