Private Equity
The acquisition values Arrow Global at about £563m. : An agreement has been reached for a Manchester-headquartered credit management services provider to be bought by a private equity firm, which helped the billionaire brothers behind EG Group acquire Asda. Arrow Global received a preliminary, conditional proposal from TDR Capital on February 8 for a possible cash offer of 305 pence per share for the entire issued and to be issued ordinary share capital. On February 22, TDR Capital made a revised proposal of 307.5 pence per share in cash, and revealed earlier this month, which has now been accepted.