Arrow Global joins the Main Market

Arrow Global joins the Main Market

Friday 11th October 2013

London Stock Exchange [today] welcomed Arrow Global Group  PLC ("Arrow Global") to open its UK markets, marking the admission of its shares for unconditional trading. The Group’s shares were priced at 205p each, valuing the Group at approximately £357.6 million. The offer raised £50.0 million in gross proceeds for Arrow Global.

Arrow Global is one of the UK’s largest and fastest growing consumer debt purchasers and providers of receivables management solutions. The Group is a regulated business that uses its proprietary data and analytics capabilities to acquire and manage defaulted consumer debt portfolios from financial institutions and other credit providers. Arrow Global had 3.4 million customers spread across approximately 5 million individual purchased accounts as at 30 June 2013.

Goldman Sachs acted as Global Co-ordinator, Sponsor and Joint Bookrunner in the Offer and Jefferies International Limited acted as Joint Bookrunner. Canaccord Genuity Limited and Numis Securities Limited acted as Co-Lead Managers. Lazard & Co., Limited acted as Financial Adviser to the Company. College Hill acted as financial public relations adviser to the Group.

To mark the occasion Tom Drury, CEO of Arrow Global joined Mark Fahy, Head of UK Small and Mid Cap Companies at London Stock Exchange Group, to open trading in London this morning.

Mark Fahy, Head of UK Small and Mid Cap Companies at London Stock Exchange Group said:

“We’re pleased to welcome Tom Drury and his team at Arrow Global Group to open London trading this morning to mark their listing on London Stock Exchange. The positive response to Arrow Global Group’s IPO is another example of a UK company’s ability to access the deep pool of capital available in London to support their future growth and development”

Tom Drury, CEO of Arrow Global, said:

“We are delighted that our initial public offering has been a success and at the positive response we have received from the investment community. We are very much looking forward to life as a listed company, generating value for our shareholders whilst continuing our commitment to providing our customers with an excellent service based on a fair and collaborative approach.”