The transaction is expected to complete in the first quarter of 2025, pending regulatory approvals and other customary closing conditions.

Following the transaction completion, Pepper Advantage will continue to operate as an independent entity, with its existing management team leading the company’s strategic initiatives.

Pepper Advantage group chief executive officer Fraser Gemmell says: “We are delighted to join forces with J.C. Flowers & Co as we embark on the next phase of our growth strategy.”

“Their extensive experience and resources will provide us with the support we need following a period of prolonged success under the ownership of Pepper Global and will help us enhance our offering. This deal comes at a critical junction in credit markets as we continue to support our clients in an evolving market environment.”

J.C. Flowers managing director Peter Yordán adds: “We look forward to acquiring Pepper Advantage and continuing to build upon its strong foundation of success.”

“We believe Pepper Advantage is a leader in the international credit management space, and together with its management team, we will work to capitalise on emerging opportunities and drive continued operational excellence at the company.”