Link Group to Acquire Pepper European Servicing for $266 million

  • Feb 02, 2020 AEDT
  • Team Kalkine


A market-leading provider of technology-enabled administration solutions, Link Administration Holdings Limited (ASX: LNK) enters a binding agreement to acquire Pepper European Servicing (PES) from Pepper Group-

  • The consideration for the agreement is $266 million and a further $56 million if certain total AUM thresholds and growth milestones are met
  • The acquisition is subject to relevant regulatory approvals and is likely to conclude in the second half of CY20
  • The transaction is expected to be double-digit accretive to Link Group’s Operating EPS in FY21 following completion



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