Ashcombe advises Maslow Capital on the sale of a minority stake to Arrow Global
Ashcombe is pleased to announce that it has acted as exclusive financial advisor to Maslow Global Limited (“Maslow Capital”), a leading provider of real estate development finance, in connection with the sale of a significant minority stake in the business to Arrow Global Limited (“Arrow”).
Established in 2009, Maslow is a leading provider of real estate development finance, offering flexible funding solutions for professional developers across the UK. The acquisition will help the existing Maslow management team, led by Chairman Marc Rose and CEO Ellis Sher, accelerate their ambitions to capitalise on opportunities in real estate development finance across the UK and European “Living Sectors” which includes purpose-built student accommodation (PBSA), co-living, build-to-rent, residential and senior living.
Arrow’s acquisition supports its strategy of increasing capital-light earnings and strengthens Arrow’s growing fund and asset management activities. Arrow’s fund management team will work with Maslow to enhance its product and funding capabilities and help grow Maslow’s business in a rapidly expanding asset class that continues to deliver sustainable and attractive risk-adjusted returns. Zach Lewy, Arrow’s CEO and CIO, will join the Maslow Capital board.
Marc Rose and Ellis Sher, Maslow Capital’s Chairman and CEO, said:
“Zach and his team at Arrow Global have built an impressive and highly innovative investment business and we look forward to working together and leveraging their experience to build Maslow into a leading provider of pan- European real estate finance. Ashcombe’s understanding of our business and objectives, the result of a long-standing relationship, and their familiarity with Arrow’s business and strategic plans were extremely valuable in initiating and completing this partnership.”
Andreas Wesemann, Partner at Ashcombe, commented:
“Marc and Ellis have built one of the most impressive real estate credit management businesses we know. We are delighted to have been involved in the creation of a partnership between two like-minded firms, and are very confident that Maslow Capital will successfully deliver its growth strategy across Europe.”