Completion of Acquisition
1 December 2017
Arrow Global Group PLC
Completion of acquisition
On 31 August 2017, Arrow Global Group PLC (“Arrow” or “the Group”) a leading European credit management services provider, focusing on loan purchases and specialist asset management, announced the acquisition of Mars Capital’s leading UK and Irish mortgage servicing businesses. Arrow is pleased to confirm that the acquisition has now completed.
Lee Rochford, CEO, said:
“Mars Capital now forms an important part of our growing asset management business, and will play a key role in continuing to move capital light revenues towards 30% of the Group’s total. The acquisition also adds significantly to our UK secured servicing capabilities and provides a low-cost, strategic entry into Ireland: a new market for Arrow.”
Arrow Global +44 (0)7925 643385
Duncan Browne, Head of IR
Instinctif Partners +44 (0)20 7457 2020
About Arrow Global Group PLC
Established in 2005, Arrow specialises in the purchase, collection and servicing of non-performing loans. We identify, acquire and manage secured and unsecured defaulted loan portfolios from financial institutions, such as banks and credit card companies, as well as retail chains, student loans, motor credit, telecommunication firms and utility companies.
We play an active role in helping financial institutions deleverage and recapitalise in order to increase mainstream lending. By purchasing and managing non-performing loans and other core assets, we provide valuable capital and expertise to a growing European market.
We are a regulated business in all of our European markets, and as at December 2016, we had assets under management in excess of EUR41bn, over 1,500 colleagues and 9.3 million customer accounts.