Global law firm Ashurst is advising Westpac on the sale of its $21.4 billion RAMs mortgage portfolio.
Westpac today announced that it has entered into an agreement with a consortium including Pepper Money, KKR and PIMCO. The completion of the transaction is subject to various conditions and regulatory approvals and is expected to occur in 2H26.
Partner Nigel Deed, who led the Ashurst team, said:
"We are delighted to be advising Westpac on this important transaction. It speaks to our longstanding relationship with Westpac and our team's ability to deliver on transactions of this scale and significance".
The Ashurst team included: Co-leads Nigel Deed and Narelle Smythe; partners Anita Choi, Stuart Dullard, Emma Malone, Andrew Craig, Jock O'Shea, Kitty Vo, Peter Armitage and Anita Cade; and senior associates Briana Ireland and Jemimah Giblett.
