Arrow Global to fund planned Capquest acquisition with bridge financing from Goldman Sachs

By Jennifer Chiou

New York, Sept. 24 – Arrow Global Group plc announced that its proposed acquisition of Capquest from a fund controlled by TowerBrook Capital Partners LP will be fully financed through cash resources and with committed bridge financing from Goldman Sachs.

According to a press release, the enlarged consumer debt purchasing group would retain a strong balance sheet, with the ratio of pro forma net debt to combined adjusted EBITDA of 3.2 times as of June 30.

Upon completion of the acquisition, total commitments under the combined company’s revolving credit facility would be increased to £100 million.

Arrow is a Manchester, England, purchaser of defaulted consumer debt. Capquest, a consumer debt purchaser and outsourced collections provider, consists of Quest Topco Ltd. and its subsidiaries.

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