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Herbert Smith Freehills has advised leading non-bank lender Pepper Group Limited on its second A$400 whole loan sale transaction in Australia in 2016.

The whole loan sale was comprised of a portfolio of residential mortgage loans, and will facilitate further diversification of Pepper’s sources of funding outside of its regular securitisation programs.

The Herbert Smith Freehills team was led by partner Mark Currell, who was supported by senior associate Jacob Kahwaji.

Mark Currell said, “It has been a pleasure working with Pepper on its second whole loan sale transaction for 2016. The ability to complete two such transactions inside 12 months is a reflection of the quality of Pepper’s existing loan book.”

The Herbert Smith Freehills team has previously advised Pepper on a number of transactions, including its first A$400m whole loan sale transaction in March 2016, its A$471m initial public offering and its acquisition from GE of A$5 billion in residential mortgage assets in Australia and New Zealand.


About Herbert Smith Freehills

Operating from over 26 offices across Asia Pacific, EMEA and North America, Herbert Smith Freehills is at the heart of the new global business landscape providing premium quality, full-service legal advice. We provide many of the world’s most important organisations with access to market-leading dispute resolution, projects and transactional legal advice, combined with expertise in a number of global industry sectors, including energy, natural resources, infrastructure and financial services.

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