Arrow shoots for mortgage business, signs Oaktree partnership
September 01, 2017
Brokerage | Leatherhead, UK | Corporate Acquisition
Arrow Global has agreed to acquire mortgage servicing business Mars Capital in a deal worth £15.5 million. The company will be bought from Oaktree Capital Management, with which Arrow has also signed a strategic agreement to acquire more UK and Irish mortgage portfolios. Mars generated £9 million in revenues in the year ending March 2017, as well as a pre-tax profit of £2 million.