Asda investor TDR Capital closes £ 565million deal for credit management services provider Arrow Global


The private equity firm that helped billionaire Issa brothers acquire Asda has completed its £ 565million acquisition of a Manchester-based credit management services provider.

TDR Capital, through its company Sherwood Acquisitions, now owns Arrow Global after the plan of arrangement came into effect today (Monday, October 11).

This decision comes after the first agreement of the acquisition at the end of March.

READ MORE: Arrow Global Turns Losses Into Profits As Company Achieves ‘Strong’ Second Quarter

Arrow Global, which was listed on the London Stock Exchange, will be delisted on Tuesday, October 12.

The company also confirmed that non-executive chairman Jonathan Bloomer, non-executive directors Lan Tu and Maria Luís Albuquerque and Paola Bergamaschi Broyd have tendered their resignations and resigned from the board.

Andrew Fisher will be retained as an independent non-executive director on the boards of one or more entities of the Arrow group.

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Arrow Global first received a preliminary conditional proposal from TDR Capital on February 8 for a possible cash offer of 305 pence per share for all of the issued and to be issued share capital.

On February 22, TDR Capital made a revised proposal of 307.5 pence per share in cash, and revealed in March, which was subsequently accepted.

The acquisition values ​​Arrow’s ordinary share capital at approximately £ 565million.

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The transfer of TDR Capital comes after its partnership with Zuber and Mohsin Issa of EG Group to secure a £ 6.8 billion deal for Asda.

The company has also invested in companies like David Lloyd Leisure, Keepmoat Homes and Stonegate Pub Company.

He has previously supported Pizza Express, Lowell Group and International Car Wash Group.

Arrow Global was founded in 2005 and was listed on the London Stock Exchange in 2013.

TDR Capital was established in 2002 and is based in London with over € 8 billion in committed capital.


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