In addition to its deal to strengthen its relationship with CarVal announced two years, Arrow Global announced that it will buy Whitestar Asset Solutions, a leading Portuguese servicer of secured and unsecured loans from funds managed by CarVal for a consideration of €47.8mn payable over today. Arrow Global is also buying Gesphone, a Portuguese servicer of non-performing loans, and €77mn face value of portfolios for a consideration of €8.3mn, payable over four years.{Translated} Article in Portugese press about Arrow Global"s purchase of Whitestar that was reported this morning. It contains a little more information and might be useful.
In addition to its deal to strengthen its relationship with CarVal announced today, Arrow Global announced that it will buy Whitestar Asset Solutions, a leading Portuguese servicer of secured and unsecured loans from funds managed by CarVal for a consideration of €47.8mn payable over two years. Arrow Global is also buying Gesphone, a Portuguese servicer of non-performing loans, and €77mn face value of portfolios for a consideration of €8.3mn, payable over four years.{Translated} Article in Portugese press about Arrow Global"s purchase of Whitestar that was reported this morning. It contains a little more information and might be useful.