Arrow today announced the acquisition of Amitra Capital Limited ('Amitra Capital') from CPP Investments | Investissements RPC ('CPP Investments').
This acquisition significantly expands Arrow’s footprint in Spain and provides a foundation for future collaboration with CPP Investments, focusing on both current and prospective investment opportunities. CPP Investments retains its current direct economic interest in all of the portfolios managed by Amitra Capital.
Zachary Lewy, CEO, and Chief Investment Officer of Arrow Global, commented: "This acquisition builds on our existing presence in Spain alongside our other operations, including Elba Finance and Galata, it also sets the stage for a broader strategic partnership with CPP Investments. We are excited to extend our platform and servicing capabilities into this key European market and look forward to expanding our partnership with CPP Investments in providing access to investment opportunities, expanding market presence, and delivering value to our clients.”
Derek Jackson, Managing Director, Head of European Credit, from CPP Investments, said: "The sale of Amitra Capital to Arrow Global, and the establishment of a long-term strategic partnership is centred on Arrow Global’s extensive knowledge and experience in real estate asset-backed investments. We have built a strong asset management business in Amitra Capital which is complementary and valuable to Arrow’s franchise, can access the scale and scope of their platform and we look forward to seeing the combined business move from strength to strength.”
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Read the full press release here https://bit.ly/3WCJWYS