Arrow Global Group PLC Completion of Acquisition (0653Y)
01 December 2017 - 6:01PM
UK Regulatory
TIDMARW
RNS Number : 0653Y
Arrow Global Group PLC
01 December 2017
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."
Enquiries:
Arrow Global +44 (0)7925 643385
Duncan Browne, Head of IR
Instinctif Partners +44 (0)20 7457 2020
Giles Stewart
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.
This information is provided by RNS
The company news service from the London Stock Exchange
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