Arrow Global (the Group) was established in 2005 as the European subsidiary of Arrow Financial Services, a leading US debt purchaser that was founded in 1961 and was subsequently acquired by Sallie Mae in 2004. In 2009, the Group's holding company was purchased by the RBS Special Opportunities Fund. In October 2013, Arrow Global Group successfully completed an initial public offering and began trading on the London Stock Exchange.
At the end of December 2014 we made our first investment in the French market, taking a 15% interest in the market leader. In November that year, we also completed the purchase of Capquest giving us our own in-house collections capability. In April 2015, we acquired Whitestar and Gesphone in Portugal cementing our position as a leading player in the geography and in May 2016, we acquired InVesting B.V. in Holland and Belgium.
We combine a successful operating model pioneered in the US with local knowledge of the UK and European markets. The result is an innovative and flexible debt purchasing and management platform, which enables us to create bespoke solutions for both customers and creditors.