The transaction is subject to regulatory approval and is expected to expand Pepper Advantage’s assets under management (AUM) in the UK to around £50bn.
The terms of the deal have not been disclosed.
The integration of Computershare’s mortgage servicing business, including its Topaz Finance and Zephyr lending operations, will also result in an expansion of Pepper Advantage’s footprint in the UK. The firm said this would add “substantial” credit management capabilities to its existing hubs in London and Uxbridge.
The acquisition will also broaden the reach of Pepper Advantage’s proprietary credit management technology platform, Prism, allowing it to enhance data integration and scale servicing infrastructure.
The firm will migrate its UK asset base to the Prism platform, representing around £50bn across consumer, residential mortgage and commercial real estate credit.
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Fraser Gemmell, group CEO of Pepper Advantage, said: “This acquisition is a significant step forward in our mission to use technology to transform the customer experience and improve the service they receive.
“It is also a milestone for Pepper Advantage as we grow our UK AUM and significantly expand our capacity to serve a wider client base. This strategic move reflects our ongoing commitment to enhance credit management through technology, strengthen our platform capabilities, broaden our data insights, and support better outcomes for clients and customers. Computershare has been a great steward of the loan services business, and I am thrilled to welcome its talented UK mortgage team to the Pepper Advantage family as we embark on this exciting journey together.”
The acquisition is expected to be completed in late 2025, subject to regulatory approval.
Earlier this month, Pepper Advantage made two hires as part of its growth in technology and product development.
