find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Legal Counsel
Category: Corporate and Commercial Law | Location: North Sydney NSW 2060
· 18 month fixed term contract · 3-5 years PQE with TMT exposure
View details
Pepper Group makes ties with Spain

Pepper Group makes ties with Spain

Philippa Stone, Herbert Smith Freehills

A global firm advised Pepper Group on the Australian aspects of its strategic partnership with Banco Popular.

Firms: Herbert Smith Freehills (Pepper Group Limited); Allens (Banco Popular)

Deal: Pepper Group Limited made an international consumer finance alliance with Banco Popular Español S.A.

Value: Undisclosed

Area: Joint venture

Key players: The Herbert Smith Freehills team was led by partner Philippa Stone (pictured), assisted by executive counsel Hemang Shah and solicitor Ben Robinson.

Deal significance: Pepper Group Limited (Pepper) made an international consumer finance alliance with Banco Popular Español S.A (Banco Popular), the fourth-largest banking group in Spain.

The alliance arrangement involves the establishment of a 50/50 joint venture between Pepper and Banco Popular in the Spanish unsecured consumer finance market.

It also includes an agreement to pursue new business opportunities internationally, with the aim of building a global unsecured consumer finance business, focusing on opportunities in Europe, Asia and the Americas.

The joint venture will be the fifth-largest provider in the Spanish point of sale finance market.

Banco Popular has also agreed to acquire an initial 5 per cent interest in Pepper and has entered into a committed five-year equity funding facility under which Banco Popular has agreed to subscribe for additional equity in Pepper of up to $100 million (subject to certain caps, restrictions and conditions precedent) to support future growth.


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Pepper Group makes ties with Spain
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
LCA president Fiona McLeod SC
Aug 17 2017
Where social fault lines meet the justice gap in Aus
After just returning from a tour of the Northern Territory, LCA president Fiona McLeod SC speaks wit...
Marriage equality flag
Aug 17 2017
ALHR backs High Court challenge to marriage equality postal vote
Australian Lawyers for Human Rights (ALHR) has voiced its support for a constitutional challenge to ...
Give advice
Aug 17 2017
A-G issues advice on judiciary’s public presence
Commonwealth Attorney-General George Brandis QC has offered his advice on the public presence of jud...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...