Asset sale Completed
Pepper Money Consortium acquisition of Westpac RAMS mortgage portfolio
Announced 3 Nov 2025
Advisers
Pepper Money Consortium
Acquirer
- Legal adviser
- Mallesons (as King & Wood Mallesons)
Team: Anne-Marie Neagle, Joseph Muraca, Dale Rayner, Jack Hill, Kirsten Bowe, Lizzie Knight, Kirsty Faichen, Caroline Coops, David Wood
- Target
- RAMS home loan portfolio
- Acquirer
- Pepper Money Consortium
- Seller
- Westpac
- Completed
- 3 Aug 2026
- Sector
- Banking and lending
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Sources
- Pepper Money completes $15.4bn RAMS home loan portfolio acquisition from Westpac fool.com.au
- 5 Nov 2025 Westpac Sells A$21.4 Billion RAMS Mortgage Portfolio to Pepper Money Consortium globallegalchronicle.com
- 12 Nov 2025 KWM, Ashurst confirm roles in $21bn Westpac RAMS mortgage portfolio deal thelawyermag.com