Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo
Advertisement
Big Law

Markets to get a pinch of Pepper

Two firms have consulted on the initial public offering of a specialist residential mortgage and consumer lender and loan servicer, Pepper Group Limited.

August 04, 2015 By Felicity Nelson
philippa.stone
expand image

Firms: Herbert Smith Freehills (Pepper); Gilbert + Tobin (joint lead managers)

Deal: Pepper's IPO and listing on the Australian Securities Exchange on 31 July.

Value: $471 million

Area: IPO

Key players: HSF’s team was led by partners Philippa Stone (pictured) and Mark Currell, who were supported by executive counsel Hemang Shah, senior associate Lucy Hall, and solicitors Hayden Guthrie, Thomas Mawson and Tom Hambrett.

Deal significance:

Pepper offers loans to people who fall outside the credit criteria of the major banks. 

The IPO and listing consists of a broker firm offer, institutional offer, employee gift offer, personnel offer and priority offer. Pepper’s market capitalisation is $471 million at the offer price of A$2.60 per share.

Tags
You need to be a member to post comments. Become a member today
Got a tip for us?
If you have any news tips or stories to share, feel free to send them our way.
lawyersweekly jobs image
lawyersweekly jobs
Discover the latest legal jobs
Find Australian legal jobs, employment & career opportunities
Momentum Media Logo
Most Innovative Company