One of Australia's most successful non-bank financial services companies, Pepper Group Limited, is about to be sold to private equity firm and its clients.In a statement yesterday, Pepper advised that "approximately 99.96 per cent of voting shareholders" approved the scheme implementation deed for Red Hot Australia Bidco Pty Ltd to acquire all of the Pepper shares.Bidco was described as "an entity owned by certain funds, clients or accounts managed or advised by KKR Credit Advisors (US) LLC or its affiliates, for Bidco".The statement also said Pepper shareholders who do not choose one of the payment options proposed will receive A$3.60 in cash per share and a special dividend of ten cents a share.The equity alternative to the cash consideration is a "scrip option" whereby shareholders - other than certain foreign ineligible shareholders - will receive one share in Red Hot Australia Holdco Pty Ltd,  the owner of 100 per cent of the shares in Bidco, for each Pepper share they hold.Mike Culhane, CEO of Pepper Group, said the deal gave the firm an opportunity to "accelerate long term growth plans around the world." The scheme will be formally implemented on 4 December, when shareholders will receive either the cash consideration for their shares or an allocation of shares in Holdco.