Ashcombe advises TDR Capital on its recommended cash acquisition of Arrow Global Plc
Ashcombe is pleased to announce that it has advised Sherwood Acquisitions Limited, an entity established by investment funds managed by TDR Capital LLP (“TDR Capital”) on its recommended cash acquisition of Arrow Global Plc for approximately £563m (“the Transaction”). The Transaction was approved at a Court Meeting and General Meeting on 21st May 2021 and is expected to complete in the third quarter of 2021.
Arrow Global Plc is a leading European investor and asset manager in the non-performing and non-core assets sector with c €4.3bn funds under management, including €1.7bn from Arrow Global’s inaugural fund raised in 2020.
Jonathan Rosen, partner at TDR Capital, commented:
“We have significant experience in the alternative credit management sector as a result of our successful investment in Lowell Group, and are looking forward to working with the Arrow management team to further develop its differentiated, capital-light business across core European markets. Our relationship with Ashcombe goes back to our original investment in Lowell in 2011, and we are very pleased to have been able to work with them on this landmark transaction.”