This acquisition, the value of which was not revealed, will allow Arrow to reinforce its presence in Spain and Portugal, where it already owns Norfin, Whitestar, Restart Capital, Viriato and Details Hospitality.
Arrow Global Group announced in a statement the acquisition of Amitra Capital from CPP Investments (Canadian Pension Fund) and established a European strategic partnership.
This acquisition, the value of which was not revealed, will allow Arrow to reinforce its presence in Spain and Portugal, where it already owns Norfin, Whitestar, Restart Capital, Viriato and Details Hospitality.
In a statement, Arrow says this acquisition significantly expands Arrow’s presence in Spain and provides a foundation for future collaboration with CPP Investments, focusing on current and future investment opportunities. CPP Investments maintains its current direct economic interest in all portfolios managed by Amitra Capital.
Founded in 2019 and headquartered in London and Madrid, Amitra Capital specializes in managing non-performing loans (NPLs) and European property investments. With assets under management totaling more than four billion euros, Amitra has established a strong presence in the NPL and real estate markets of Spain and Portugal.
The acquisition includes a new five-year management agreement between Arrow and CPP Investments, underlining Arrow’s commitment to leveraging its asset management expertise to improve portfolio performance.
Amitra Capital’s key staff will continue to manage the company, ensuring the continuity and stability of Arrow’s operations.
In the statement, Zach Lewy, founder, CEO and chief investment officer of Arrow Global, says that “this acquisition builds on our existing presence in Spain, along with our other operations, including Elba Finance and Galata, and also prepares the groundwork for a broader strategic partnership with CPP Investments. We are excited to extend our platform and service capabilities to this important European market and look forward to expanding our partnership with CPP Investments, providing access to investment opportunities, expanding market presence and delivering value to our clients.”
Derek Jackson, Managing Director, responsible for European credit, at CPP Investments, considers that the sale of Amitra Capital to Arrow Global and the establishment of a long-term strategic partnership “focuses on Arrow Global’s vast knowledge and experience in investments secured by real estate assets”.
“We have built a strong asset management business in Amitra Capital, which is complementary and valuable to the Arrow brand, we can access the scale and scope of its platform and we look forward to seeing the combined company go from strength to strength,” he adds.
The acquisition of Amitra Capital not only expands Arrow’s existing operations in Spain, but also reinforces its role as a leader in investment and services in the Iberian market.
Alongside Arrow’s main Portuguese platforms – Whitestar, Norfin, Restart Capital, Viriato and Details Hospitality, Arrow says it will “continue its strategy of having deep experience in key market segments, including the provision of primary and master services. , whilst strengthening its ability to manage complex credit and real estate investments on behalf of its investors across Europe.”