Pepper Advantage, a credit management enterprise with operations in Europe and Asia, has been acquired by J.C. Flowers & Co., an investment firm focused on the financial services industry.
The specifics of the transaction remain undisclosed.
The company provides global credit intelligence services through a technology platform spanning Asia, Europe, and the UK.
With assets under management totalling $55bn, Pepper Advantage is involved in asset classes such as residential and commercial mortgages, real estate, small and medium-sized enterprise (SME) loans, asset financing and leasing, auto and consumer loans, credit cards, retail finance, and buy now, pay later (BNPL).
It also offers outsourced operational support to both financial and non-financial clients. The firm aids investors, financial institutions, fintechs, and banks in managing credit portfolios by streamlining system costs and complexities while facilitating new non-bank lending. It focuses on clients whose customers are underserved by conventional lenders.
J.C. Flowers & Co. managing director Peter Yordán said: “We are excited to partner with the exceptional Pepper Advantage leadership team as we look to build upon the company’s success to date.
“By leveraging our deep experience in financial services across the globe, J.C. Flowers will seek to help the company deepen its offerings and further expand its addressable market in its next phase of growth.”
This acquisition marks a new phase of growth for Pepper Advantage. Despite the change in ownership, the company will continue to function as an independent entity under its current management team.
Initially announced in November 2024, Pepper Global disclosed plans to sell Pepper Advantage to J.C. Flowers & Co., subject to regulatory approvals and customary closing conditions. This development signifies a significant milestone for the firm and signals a new era of expansion.
At the time of the announcement, Andrew Smith, group chief operating officer and company secretary at Pepper Global, stated that the sale was an excellent outcome for shareholders. He highlighted that the Pepper Advantage management team had established a leading credit management firm across Europe and Asia, creating significant value for all stakeholders involved.
Pepper Advantage group CEO Fraser Gemmell said: “We are thrilled to officially join J.C. Flowers & Co at the start of this new chapter.
“Their expertise and extensive resources will play a crucial role in driving our continued growth strategy, helping us to expand our capabilities and deliver enhanced offerings to our clients.”
