Arrow Global Group acquires stake in real estate specialist

13th January 2022 Company News | #merger

Arrow Global has announced that it has acquired a significant minority stake in Maslow Capita, a provider of UK real estate development finance. Arrow says that 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…

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Arrow Global launches corporate restructuring business in Portugal

26th November 2021 Company News |

Arrow Global, a European investor and alternative asset manager in credit and real estate, has announced the creation of a dedicated corporate restructuring business to cater to the growing market opportunity in Portugal. The new business builds on Arrow Global’s market-leading experience and capabilities in Portugal through its Whitestar and Norfin servicing and asset management…

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Lowell collections performance ahead of expectations

12th November 2021 Company News |

European debt purchaser, Lowell has said that collections have continued to perform ahead of expectations across the Group with all regions performing ahead of forecast. The company said, in its latest results for the 3 months ended 30th September 2021, that the UK, the recovery of the deferred collections has continued ahead of forecast expectation.…

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Link Financial acquires Polish credit management company

28th October 2021 Consumer Collections |

Link Financial Group has announced the completion of their acquisition of 100% of the shares of Obligo, a Polish credit management company based in Łódź. Obligo has a 20-year track record and deep experience in the industry having serviced more than 400,000 cases with a nominal value exceeding 1.7 billion PLN across performing and non-performing…

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Credit & Collections Technology Awards announces line up

Credit Connect has confirmed the line-up for next week’s Credit & Collections Technology Awards which takes place at the Midland Hotel in Manchester next Thursday (4th November). The awards are judged by a panel of industry experts who have reviewed technological excellence in four different categories sections: creditor and lender, collections and recoveries, applied technology, and…

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KBC Bank Ireland confirms debt sale to Bank of Ireland

25th October 2021 Consumer Collections |

KBC Bank Ireland has confirmed the sale of all of its performing loan assets and liabilities to Bank of Ireland Group. Bank of Ireland has agreed to buy practically all of KBC’s performing assets after the Belgian financial group confirmed it would leave the Irish market. KBC Bank Ireland had entered into a Memorandum of Understanding…

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Lantern acquires Sonex Financial

25th October 2021 Arrears and Recoveries |

Debt Purchaser, Lantern has agreed terms to acquire Sonex Financial. Based in Llanelli, West Wales, debt collection agency, Sonex is a longstanding operator with a particular specialism working with vulnerable customers. Its clients include several of the Big Six energy companies in the UK, to which Sonex provides vulnerable customer-focused engagement and management services. Following…

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Arrow Global announces new CEO appointment

15th October 2021 Appointments | #appointments

Arrow Global has announced that, following the completion of the takeover by TDR Capital, Lee Rochford has decided to step down as Group Chief Executive Officer (CEO). Rochford will be succeeded by Zach Lewy, Founder, Group Chief Investment Officer and CEO of Arrow’s Fund Management and Investment (FIM) business. The change takes effect immediately, Rochford…

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Lowell announces latest results

4th August 2021 Arrears and Recoveries |

European credit management services company Lowell has announced its latest quarterly results for the three months ending 30 June 2021. The results showed that collection performance continued to outperform forecasts across all three regions, performing at 111% for the six months to June 20 21. The company highlighted: • LTM Cash EBITDA margin increase of…

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Lowell announces strong collection performance in latest results

17th May 2021 Arrears and Recoveries |

European credit management services specialist Lowell has announced strong collection performance and improving margins in its latest company results for the 3 months ending 31st March 2021. The company said collection performance has been very strong in the first quarter, performing at 112%. Cash flow continued to strengthen in the quarter with £121 million generated…

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Arrow Global’s outlook remains ‘positive’ for 2021 despite loss

24th March 2021 Arrears and Recoveries |

Debt purchaser Arrow Global has announced pre-tax losses of £114.8 million for 2020 loss as lockdown restrictions across the UK and Europe affected cash collections and portfolio acquisitions. The pre-tax loss for the year to 31 December 2020, is down from a £51.3 million profit in 2019. The group said the loss was driven by…

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Lowell announces 2020 results

19th March 2021 Arrears and Recoveries |

Debt purchaser Lowell has announced its full-year results for 2020 results which indicate that collections have continued to demonstrate resilience with cumulative performance against its December 19 static pool forecast improving to 94% in December 2020, up from 93% in September 2020. The results demonstrated that its cash EBITDA stayed at just under £500 million,…

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Government completes sale of financial crisis ‘bad bank’

1st March 2021 Arrears and Recoveries |

The Government has announced that it has completed the £5 billion pound sale of the final chunk of its ‘bad bank’ comprising failed lenders Bradford & Bingley (B&B) and Northern Rock (NRAM0. The Government says that the final sale constitutes a significant milestone in the work to achieve the government’s objective of returning the institutions…

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