Arrow Global

Arrow Global Group plc is a business purchasing debt from banks, credit card companies and telecommunications businesses. It is listed on the London Stock Exchange.

Arrow Global Group
TypePublic
LSE: ARW
IndustryFinance
Founded2005
HeadquartersManchester, United Kingdom
Key people
Zachary Lewy, Charirman and CEO
Revenue£235.9 million (2016)[1]
£95.0 million (2016)[1]
£26.3 million (2016)[1]
Websitewww.arrowglobal.net/

History

The business was established as a debt collection business by Zach Lewy in 2005.[2] It was the subject of an initial public offering in October 2013.[3]

In April 2015 the company bought Whitestar Asset Solutions and Gesphone - Serviços De Tratamento E Aquisição De Dívidas SA, both Portuguese debt purchasers.[4] In September 2014 it acquired Capquest, another UK debt purchaser.[5]

In May 2016 it bought InVesting BV, a Dutch debt purchaser.[6] In August 2017 it announced the acquisition of Mars Capital's Irish mortgage servicing business.[7]

Operations

The company has some 9 million customers.[8]

References
  1. "Annual Report 2016". Arrow Global Group. Retrieved 12 October 2017.
  2. "Managers cash in as bad loan buyer Arrow Global soars on debut". The Times. 9 October 2013. Retrieved 12 October 2017.
  3. "Arrow Global valued at £357 million in London listing". Reuters. 8 October 2013. Retrieved 12 October 2017.
  4. "Arrow Global Signs Deal With CarVal, Makes Portuguese Acquisitions". Morning Star. 1 April 2015. Retrieved 12 October 2017.
  5. "Arrow Global To Acquire Capquest For GBP158 Million". Morning Star. 24 September 2014. Retrieved 12 October 2017.
  6. "Arrow Global Completes Acquisition Of InVesting BV". Morning Star. 4 May 2016. Retrieved 12 October 2017.
  7. "Arrow Global plans to enter Irish market with acquisition". Manchester Evening News. 31 August 2017. Retrieved 12 October 2017.
  8. "Defended Litigation Case Handler". Go Career. 17 September 2017. Archived from the original on 13 October 2017. Retrieved 12 October 2017.
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