ao link
0 £0.00
This item was added to your basket
Credit Strategy homepage
Intelligence, Insight and community for responsible professionals in credit

Link Group agrees to acquire servicing firm for €165m in cash

Link Group has agreed to acquire Pepper Group’s European loan servicing (PES), asset management and advisory business for an upfront cash payment of €165m.

Share on LinkedInShare on TwittereCard

Announcing the acquisition, Link Group said the meeting of assets under management thresholds and growth milestones could trigger an extra consideration of €35m.


With headquarters in London, PES provides end-to-end loan servicing and asset management across residential and commercial segments, with market positions in the UK, Ireland, Spain, Greece and Cyprus.


The business has around €40bn of assets under management and an established team of about 880 staff delivering an end-to-end debt servicing platform.


Link’s announcement said the acquisition will deliver immediate scale for its banking and credit management (BCM) division, both in existing and new jurisdictions.


Link added that PES’s core characteristics align with BCM’s focus on new lending services and bank outsourcing, as well as performing and non-performing loan management.


The transaction will not impact on services provided to residential or commercial customers serviced by PES whose terms, conditions and contact points all remain the same.


The acquisition is expected to complete in the second half of 2020. Once completed, PES will integrate with Link Group’s BCM business. Combined, the businesses will have around €130bn of assets under management, along with more than 1,800 employees.


Fraser Gemmell, chief executive of Pepper European Servicing, said: “We’re delighted to have completed this deal. It will facilitate ongoing business growth while providing Link Group with the opportunity to accelerate its European growth plans. through the creation of a pan-European multi-asset servicer. This will leverage the combined strengths, experience and capabilities of the Pepper and Link Group platforms.”


Robbie Hughes, chief executive, banking and credit management, at Link Group, said: “In 2019, we set our strategic vision to become the leading independent servicer in Europe with an expanding global footprint.

“This transaction accelerates that vision and will see two high-quality businesses integrated to create a leading pan-European asset servicer and manager, with significant potential for growth in existing and new markets.”


The move towards wider servicing solutions provided by debt purchase and credit management groups will form the background to the Collections & Vulnerability Summit, at The Midland hotel in Manchester, on October 16.

Share on LinkedInShare on TwittereCard
Add New Comment
You must be logged in to comment. Login or Register to access enhanced features of the website.



Language changes needed to support diversity, report finds

Language changes needed to support diversity, report finds

Phillips & Cohen launches new data management platform

Phillips & Cohen launches new data management platform

Women in Credit 2021 shortlist confirmed

Women in Credit 2021 shortlist confirmed

Upcoming events

Women in Credit Awards 2021

Car Finance Autumn Conference

Car Finance Awards 2021

Credit Strategy
LinkedIn page

Member of

Did you find our website useful?

Thank you for your input

Thank you for your feedback – an online news and information service for the UK’s commercial and consumer credit industry. is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace. @ Copyright Shard Media Group