28th Nov 2014 12:50
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
Related Shares:
ARW.L