Pepper Advantage, a leading credit management firm with operations in Europe and Asia, today announced the closure of its acquisition by J.C. Flowers & Co., a private investment firm dedicated to investing in the financial services industry. Terms of the agreement were not disclosed.

The transaction will spearhead a new era of growth for Pepper Advantage, which will continue to operate as an independent entity led by its existing management team.

“We are thrilled to officially join J.C. Flowers & Co at the start of this new chapter,” said Fraser Gemmell, Group CEO of Pepper Advantage. “Their expertise and extensive resources will play a crucial role in driving our continued growth strategy, helping us to expand our capabilities and deliver enhanced offerings to our clients.”

“We are excited to partner with the exceptional Pepper Advantage leadership team as we look to build upon the company’s success to date,” said Peter Yordán, Managing Director, J.C. Flowers & Co. “By leveraging our deep experience in financial services across the globe, J.C. Flowers will seek to help the company deepen its offerings and further expand its addressable market in its next phase of growth.”