Arrow Global completes Italian job
Manchester-based purchaser and manager of debt Arrow Global has completed its £14m acquisition of Italian business Zenith Service S.p.A, having received regulatory approval from the Bank of Italy.
Arrow Global says the purchase, first announced in December, gives it immediate scale and presence in one of Europe’s largest debt markets.
Zenith is also a leading servicer of salary assignment loans (cessione del quinto or CQS), managing about €1.9bn of CQS assets. At June 2016, the estimated stock of the securitized market for ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
