On August 31, 2017, Arrow Global Group announced it has agreed to terms for a proposed strategic partnership with Oaktree Capital Management and the acquisition of the UK and Irish mortgage servicing business of Mars Capital.Continue reading “Arrow Global to Form Strategic Partnership with Oaktree Capital”
Under the terms of the transaction, Mars Capital’s UK and Irish mortgage servicing business has been valued at GBP 15.5 million, with GBP 9 million paid on closing and the remainder paid four years after closing. The transaction is subject to regulatory approvals and is expect to close in late 2017.
Arrow Global Group PLC is a UK-based debt purchaser and manager with over €41.3 billion assets under management.
Mars Capital is a UK-based mortgage company which acquires and administers mortgages from other lending institutions.
Oaktree Capital Management, L.P. (“Oaktree”) is a global alternative asset manager specializing in credit strategies. Oaktree has approximately USD$100 billion in assets under management.
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