Arrow hits target with Benelux acquisition

MANCHESTER-based purchaser and manager of debt Arrow Global has acquired InVesting BV, which has operations in the Netherlands and Belgium for €100 (£78m).

The deal includes the purchase of €663m (£524m) of portfolios and estimated remaining collections of €107m (£84.5m).

The acquisition has obtained the necessary positive advice from the works council and approval from the Netherlands Authority for the Financial Markets.

A statement from Arrow said: “As a result of both the completion of the acquisition and associated financing, Arrow has further strengthened its position as a leading European player in the debt purchase and asset management business, with operations in the UK, Portugal, the Netherlands and Belgium, and with a significant minority interest in a market leader in France.

“This is in line with the Group’s stated strategy of being a top three player in each of its chosen markets.  Management continues to evaluate further opportunities for growth and have the operational and financial structures in place to execute on these opportunities.”

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