J.C. Flowers acquires Pepper Advantage

Credit management firm, Pepper Advantage has announced that its owner Pepper Global has entered into an agreement to sell the business to private investment firm J.C. Flowers & Co subject to regulatory approvals and customary closing conditions.

The transaction is expected to be completed in the first quarter of 2025, pending regulatory approvals and other customary closing conditions. Following the transaction’s completion Pepper Advantage will continue to operate as an independent entity, with its existing management team leading the company’s strategic initiatives.

Fraser Gemmell, Group CEO of Pepper Advantage said “We are delighted to join forces with J.C. Flowers & Co as we embark on the next phase of our growth strategy. 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.”

Peter Yordán, Managing Director, J.C. Flowers & Co said “We look forward to acquiring Pepper Advantage and continuing to build upon its strong foundation of success. 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.”

Andrew Smith, Group Chief Operating Officer and Company Secretary, Pepper Global, said “The sale of Pepper Advantage to J.C. Flowers & Co represents an excellent outcome for Pepper Global shareholders. The Pepper Advantage management team has built a world-leading credit management firm spanning Europe and Asia, which has created significant value for all stakeholders involved. We continue to share the vision and strategy of Fraser and his team and are excited for their next stage of growth under the ownership of J.C. Flowers & Co.”