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Arrow Global Group announces the acquisition of Amitra Capital and establishes a European strategic partnership
Arrow Global Group Limited (“Arrow Global”), a leading vertically integrated alternative asset manager specializing in credit and real estate, today announced the acquisition of Amitra Capital Limited (“Amitra Capital”) from the Canada Pension Plan Investment Board (“CPP Investments”). This acquisition significantly expands Arrow’s presence in Spain and provides a basis for future collaboration with CPP Investments, focused on current and future investment opportunities. CPP Investments maintains its current direct economic interest in all the portfolios managed by Amitra Capital.
Founded in 2019 and based in London and Madrid, Amitra Capital specializes in managing European non-performing loans (NPLs) and real estate investments. With assets under management (AUM) totaling more than 4.0 billion euros, Amitra has established a strong presence in the NPL and real estate markets in Spain and Portugal.
Zach Lewy, founder, chief executive officer and chief investment officer of Arrow Global, commented: “This acquisition strengthens our presence in Spain, along with our other operations including Elba Finance and Galata, and sets the stage for a broader strategic partnership with CPP Investments. We are excited to extend our platform and management capabilities to this important European market and look forward to expanding our partnership with CPP Investments, providing access to investment opportunities, expanding our market presence and delivering value to our clients.”
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 top executives will continue to lead the company, ensuring the continuity and stability of Arrow’s operations.
Derek Jackson, Managing Director, Head of European Credit, CPP Investments, said: “The sale of Amitra Capital to Arrow Global and the establishment of a long-term strategic partnership centers 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, we can access the scale and scope of their platform and we look forward to seeing the combined business progress further.”
The acquisition of Amitra Capital not only expands Arrow’s existing operations in Spain, but also strengthens its role as a leader in investment and services in the Iberian market. Together with Arrow’s main Portuguese platforms – Whitestar, Norfin, Restart Capital, Viriato and Details Hospitality, Arrow will continue its strategy of having deep expertise in key market segments, including the provision of primary and core services, while strengthening its ability to manage complex credit and real estate investments on behalf of its investors across Europe.
