"Ashurst Advises Westpac on $21.4 Billion RAMs Mortgage Portfolio Sale"

"Global law firm Ashurst is advising Westpac on the sale of its $21.4 billion RAMs mortgage portfolio to a consortium including Pepper Money, KKR, and PIMCO. The transaction is subject to regulatory approvals and is expected to be completed in the second half of 2026. Ashurst's team, led by partner Nigel Deed, highlights their expertise in handling significant transactions."

Global law firm Ashurst advised Westpac on the sale of its $21.4 billion RAMs mortgage portfolio. The transaction involved a consortium including Pepper Money, KKR, and PIMCO. Westpac entered into an agreement with the consortium for the sale of its RAMs mortgage portfolio, valued at $21.4 billion. The completion of the transaction is subject to various conditions and regulatory approvals and is expected to occur in the second half of 2026. The Ashurst team advising Westpac was led by partners Nigel Deed and Narelle Smythe. Other partners involved included Anita Choi, Stuart Dullard, Emma Malone, Andrew Craig, Jock O'Shea, Kitty Vo, Peter Armitage, and Anita Cade. Senior associates Briana Ireland and Jemimah Giblett also contributed to the transaction.

"Ashurst Advises Westpac on $21.4 Billion RAMs Mortgage Portfolio Sale"

Read the full story

Cookie Preferences

Strictly Necessary

Analytics & Statistics

Marketing & Ads