Pepper Group shareholders will vote on a revised buyout offer from US private equity firm KKR at a special general meeting in Sydney on November 17.Under an amended scheme of arrangement announced on Monday by Pepper's board, all shareholders will receive a special top-up dividend of 10 cents per share if they approve the buyout proposal.The additional dividend payment, which will be fully franked, means that KKR will pay A$3.70 for each share on issue to secure control of the company.That values the business at around $660 million - a multiple of around eleven times forecast earnings for the 12 months ending in December.KKR's spruced offer sparked a rally in the company's scrip on Monday, with the share price closing up 15 cents or 4.3 per cent to $3.65.The revised offer has broken the resistance of Perpetual, Pepper's largest institutional shareholder.Perpetual, which controls almost 15 per cent of the company, advised the target company's board that it would support the amended scheme proposal.When added to the combined interests of Pepper's chairman Seumas Dawes and senior executives, the KKR offer already commands at least 50 per cent of the shares on issue.To get over the line, the proposed transaction will require a majority of shareholders holding 75 per cent of all voting shares to support the deal.There is a defensive motive in KKR's play for Pepper.The business case for KKR's multi-billion dollar splurge to acquire GE Capital's high-margin Australian lending arm now looks flaky.The business, rebranded last year as Latitude Financial, is heavily exposed to the in-store finance market through alliances with big retailers such as Harvey Norman and JB Hi-Fi.Amazon's arrival in Australia could potentially erode the fat margins and origination volumes of Latitude's expensive credit products.KKR's strategic response - through the acquisition of Pepper - would be to hedge its exposure to Latitude by diversifying its presence in the Australian lending market.There is another dimension to KKR branching deeper into the local financial services market: KKR founder Henry Kravis and Amazon boss Jeff Bezos are close friends.In recent times, the friendship seems to have led to a string of co-investments in start-up firms such as the Seattle-based global freight company, Convoy Inc.So, an alliance between Amazon.com.au and KKR's local financial services businesses should not be discounted.