- Arrow Global Group, an investor and asset manager in non-performing and non-core assets, said Friday it had completed the acquisition of Europa Investimenti, an originator and manager of Italian distressed debt investments.

'The acquisition of Europa Investimenti represents another logical step of our considered entry into the Italian market. The combination of a highly-skilled management team with an excellent track record of value creation and access to our strong funding structure, creates a powerful investment platform to drive strong returns from attractive corporate and SME assets,' said Lee Rochford, CEO.

'When combined with our diverse institutional fund client base and our strategy to continue to raise third-party funds to invest in high-return assets, we remain excited by Europa Investimenti's potential to grow income from the Group's capital-light Asset Management and Servicing business.'

At 9:08am: [LON:ARW] Arrow Global Group share price was +3.5p at 219.5p

Story provided by