Arrow Global plans entry into Irish market
Arrow Global has announced a proposed acquisition of Mars Capital’s UK & Irish mortgage servicing businesses, as well as a strategic partnership with Oaktree Capital Management. Mars Capital services over 10,000 customer accounts and has £1.6bn of assets under management. The £15.5m acquisition would rebalance Arrow Global’s portfolio towards capital-light asset management revenues as well as enabling its entry into the Irish market. Arrow Global’s partnership agreement with Oaktree meanwhile means the companies will acquire future UK and Irish residential mortgage portfolios together.