Kirkland & Ellis is advising TDR Capital LLP, a private equity firm, on the recommended offer for the entire issued, and to be issued, ordinary share capital of Arrow.
As part of the offer, shareholders of Arrow have the opportunity to elect to receive a share alternative in lieu of the cash offer. The acquisition will be implemented by way of a scheme of arrangement and values Arrow at approximately GBP563 million.
Arrow was founded in the United Kingdom in 2005, with the aim of identifying, acquiring and managing secured and unsecured loan and real estate portfolios from and on behalf of financial institutions, such as banks, institutional fund investors and specialist lenders. Arrow’s shares were first admitted to listing and trading on the London Stock Exchange in 2013. Since 2013, the Arrow Group has expanded into Europe and, in addition to its UK operations, it now operates in Italy, Portugal, Ireland, the Netherlands and Belgium. The Arrow Group is now a specialist European investor and asset manager in the non-performing and non-core assets sector.
The Kirkland team was led by corporate partners David Holdsworth, Dipak Bhundia and Stuart Boyd and associates Henry Birch and Toshi Mahapatra; financial services regulatory partners Lisa Cawley and Romin Dabir and tax partner Mavnick Nerwal.
