Arrow Global
 | |
| Type | Private |
|---|---|
| Industry | Finance |
| Founded | 2005 |
| Headquarters | Manchester, United Kingdom |
| Key people | Zachary Lewy, CEO |
| Owner | TDR Capital |
| Website | www |
Arrow Global Group is a European fund manager. Based in Manchester, it is one of the few vertically integrated businesses (fully engaged with small local customers in each country without operating through intermediaries) providing lending across real estate and private credit markets throughout Europe. It was listed on the London Stock Exchange until it was acquired by TDR Capital in October 2021.
History
[edit]The business was established as a debt funding business by Zach Lewy in 2005.[1] It was the subject of an initial public offering in October 2013.[2]
In April 2014, the company was at the centre of a serious controversy after its subsidiary, Erudio Student Loans, did not send out letters to students inviting them to defer their loans, and then issued letters demanding repayment. The issue related to former students who took out student loans in the 1990s and were entitled to defer their loans, as they fell short of the earnings threshold for repayment.[3][4][5] Most significantly, the company then passed details of the former students who had apparently defaulted to credit reference agencies.[6]
From around 2015, the company launched a strategy to make itself vertically-integrated across Europe: it bought Whitestar Asset Solutions and Gesphone - Serviços De Tratamento E Aquisição De Dívidas SA, both Portuguese debt purchasers, in April 2015.[7] It then acquired Capquest, another UK debt purchaser, in September 2014,[8] InVesting BV, a Dutch debt purchaser, in May 2016,[9] and Mars Capital's Irish mortgage servicing business in August 2017.[10] After that it bought Maslow Capital, a provider of UK real estate development finance, in January 2022.[11]
In October 2021, the company was acquired by TDR Capital.[12]
Operations
[edit]The company employs over 4,000 people across eight European countries and is one of the few vertically integrated businesses (fully engaged with small local customers in each country without operating through intermediaries) providing lending across real estate and private credit markets throughout Europe.[13]
References
[edit]- ↑ "Managers cash in as bad loan buyer Arrow Global soars on debut". The Times. 9 October 2013. Retrieved 12 October 2017.
- ↑ "Arrow Global valued at £357 million in London listing". Reuters. 8 October 2013. Archived from the original on October 13, 2017. Retrieved 12 October 2017.
- ↑ "Row goes on over deferred student loans". The Independent. 12 April 2014. Retrieved 24 August 2026.
- ↑ "Student loans firm Erudio leaves graduates fuming over latest error". The Guardian. 8 April 2016. Retrieved 24 August 2026.
- ↑ "Erudio Student Loans: 500 people had money mistakenly taken from accounts". Money Saving Expert. 9 May 2014. Retrieved 24 August 2026.
- ↑ "Student loan firm Erudio under fire following government sell-off". The Guardian. 20 May 2014. Retrieved 24 August 2026.
- ↑ "Arrow Global Signs Deal With CarVal, Makes Portuguese Acquisitions". Morning Star. 1 April 2015. Archived from the original on 13 October 2017.
- ↑ "Arrow Global To Acquire Capquest For GBP158 Million". Morning Star. 24 September 2014. Archived from the original on 13 October 2017.
- ↑ "Arrow Global Completes Acquisition Of InVesting BV". Morning Star. 4 May 2016. Archived from the original on 13 October 2017.
- ↑ "Arrow Global plans to enter Irish market with acquisition". Manchester Evening News. 31 August 2017. Retrieved 12 October 2017.
- ↑ "Arrow Global Group acquires stake in real estate specialist". Credit Connect. 13 January 2022. Retrieved 1 March 2022.
- ↑ "TDR Capital completes £563m deal for credit management services provider, Arrow Global". PE Insights. 11 October 2021. Archived from the original on 4 January 2023.
- ↑ "Why Arrow's local platform model is built for the European mid-market". Alternative Credit Investor. 23 July 2025. Retrieved 24 August 2026.