Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Completion of Capquest acquisition

28th Nov 2014 12:50

RNS Number : 3369Y
Arrow Global Group PLC
28 November 2014
 



28 November 2014

Arrow Global Group PLC

Arrow Global completes the acquisition of Capquest

Arrow Global Group PLC (together with its subsidiaries, "Arrow Global") is pleased to announce that it has today completed the acquisition of Quest Topco Limited ("Capquest"), a UK consumer debt purchaser and outsourced collections provider. The acquisition, which was announced on 24 September 2014, was approved by Arrow Global's shareholders at a general meeting held on 26 November 2014.

 

The total consideration for the acquisition was £158 million on an enterprise value basis, and was funded using part of the proceeds of Arrow Global Finance plc's recent issue of €225 million in aggregate principal amount of senior secured floating rate notes due 2021, which was completed on 4 November 2014.

 

ENQUIRIES:

 

Arrow Global Group PLC

Stewart Hamilton (Company Secretary) +44 (0)161 242 1724

 

Instinctif Partners

Mike Davies or Antonia Gray +44 (0)20 7457 2020

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
ACQLLFSFLTLTFIS

Related Shares:

ARW.L
FTSE 100 Latest
Value8,684.56
Change0.00