Link Group/Pepper
Transaction details
Link Group has informed the Competition and Consumer Protection Commission (CCPC) that it has decided not to proceed with acquiring Pepper and considers the proposed transaction to be withdrawn. The CCPC will now close its investigation into the proposed transaction and no determination will be issued.
Related media statement
M.20.003 Media StatementCase details
- Notification date:10 February 2020
- Publication date:10 February 2020
- Economic sector:Financial and insurance services - L
- Economic sub-sector:Financial services (non-insurance) - L.64
- Request for information:Yes
- Outcome:Withdrawn
Documents
M.20.003 Merger AnnouncementPDF | 251 KBM.20.003 Merger Announcement PDF | 251 KB - Opens in new window
M.20.003 Phase 1 DeterminationPDF | 380 KBM.20.003 Phase 1 Determination PDF | 380 KB - Opens in new window
Timetable
Parties Involved
Link Group
Link Group Administration Limited is a 100% owned subsidiary of Link Administration Holdings Limited, a publicly listed company on the Australian Stock Exchange. Link Group is a multinational provider of technology-led financial administration solutions (e.g., pension and fund administration). In the State, Link Group is predominantly active in the provision of non-performing loans servicing and financial services outsourcing.
Pepper
Pepper is a wholly owned standalone business within the Pepper Group. The Pepper Group is an international consumer finance business, third-party loan services and asset manager. In the State, Pepper is predominantly active in the provision of non-performing loans servicing and financial services outsourcing.
Contacts
Tommy Burke tommyburke@ccpc.ie
