Arrow Global Group PLC (LON:ARW) has completed the acquisition of of Europa Investimenti.

Since 2005, Arrow Global has specialised in the purchase, collection and servicing of non-performing and non-core assets. It identifies, acquires and manages secured and unsecured loans as well as real estate portfolios from financial companies. Arrow Global manages over £49.3 billion assets with over 1,800 employees across its European markets.

Earlier this March, Arrow Global announced the proposed acquisition of Europa Invetimenti. Today, Arrow Global has completed the acquisition of the leading originator and manger of Italian distressed debt investments.

CEO of Arrow Global, Lee Rochford, commented:

“The acquisition of Europa Investimenti represents another logical step of our considered entry into the Italian market.”

“When combined with our diverse institutional fund client base and our strategy to continue to raise third-party funds to invest in high-return assets”

“We remain excited by Europa Investimenti’s potential to grow income from the Group’s capital-light Asset Management and Servicing business.”

At 10.14 BST today, shares in Arrow Global were trading at +1.97%.