Five Australian and New Zealand firms have advised on a $5 billion whole loan sale transaction.
Gilbert + Tobin advised the Commonwealth Bank of Australia (CBA) as one of the principal financiers of Pepper Australia Pty Limited (advised by Freehills, Mallesons Stephen Jaques and NZ firm Russel McVeagh).
The North Sydney based holding company, Pepper Australia, acquired the $5 billion residential mortgage portfolio originated by GE Capital.
NZ firm Chapman Tripp advised CBA on the New Zealand aspects of the transaction.
G + T banking and finance partner Duncan McGrath and lawyer Benjamin Downie advised CBA on the Australian aspects of the transaction.