Pepper Advantage has acquired Dilosk - ICS Mortgages for an undisclosed amount, marking a significant expansion in the Irish financial services sector. Dilosk DAC, trading as Dilosk and ICS Mortgages, is an Irish financial services company headquartered in Dublin, regulated by the Central Bank of Ireland. Established in 1864, ICS Mortgages has a 160-year history as a leading and trusted brand in the Irish mortgage market. It specializes in residential mortgages, offering attractive rates for First Time Buyers, Switchers, and Public Sector workers, and is a leading provider of Buy-to-Let Mortgages for property investors.
This strategic acquisition allows Pepper Advantage to significantly enhance its presence and capabilities within the Irish mortgage landscape. By integrating Dilosk - ICS Mortgages, Pepper Advantage gains immediate access to a well-established brand, a robust customer base, and a proven track record in both the owner-occupier and buy-to-let segments. The move is expected to create operational synergies, combining Dilosk's deep market expertise and product offerings with Pepper Advantage's broader financial services framework. This integration aims to deliver enhanced service efficiency and a more comprehensive suite of mortgage solutions to customers across Ireland.
The transaction is a corporate acquisition, where Pepper Advantage has bought Dilosk - ICS Mortgages, rather than a funding round. This strategic move underscores Pepper Advantage's commitment to growth and market leadership in key financial sectors. The combined entity is poised to become a more formidable player in the Irish mortgage market, leveraging its expanded scale and integrated expertise to drive continued innovation and serve a wider range of clients with tailored financial products.