Pepper Money UK transitions to standalone UK-regulated firm

Pepper Money UK has announced its transition to operating as a standalone UK-regulated entity, following the FCA's approval of the change in regulatory control in December 2025.

Pepper Money UK was part of Pepper Group, whose head office is located in Sydney, Australia. The Group operates various businesses in Europe, Asia, and the Pacific regions and was acquired by global investment firm KKR in 2017.

The transaction includes a new equity commitment by a fund managed by Bayview alongside private credit funds and accounts managed or advised by KKR.

Laurence Morey (pictured), CEO of Pepper Money UK, commented: “We’re delighted to welcome Bayview as a new shareholder and to continue our longstanding relationship with KKR. The support of experienced institutional investors reflects confidence in our business model, governance framework and long-term strategy.

“Guided by our clear and consistent strategy, we will continue to lead the specialist first charge and second mortgage markets with innovation, expertise and an unwavering focus on service.”