Arrow goes Dutch for latest deal

DATA-led debt purchaser and manager Arrow Global has stepped-up its presence in the Netherlands.

The Manchester-based company said it had acquired a loan portfolio with a face value of €173m (£122m), comprising mainly unsecured, paying and non-paying loans.

Financial terms of the acquisition were not disclosed, but Arrow did say the deal reinforces its European growth strategy and follows a pilot investment of €1m in the Dutch market in June 2014.

Chief executive Tom Drury, said: “”e are delighted to announce this purchase which we have been monitoring for some time. It extends our footprint in the Netherlands and reinforces the strength of our brand in European markets, something which is key to our continued growth.

“We believe the Netherlands is an attractive market for Arrow Global, both in terms of the scale and development of the market and the availability of credit bureau data. T

“his portfolio is incremental to the £23.1m of our Q4 pipeline that we announced was in implementation on October 12. We are confident it will perform in line with our target returns and we remain on track to deliver overall full-year results in line with our expectations.”