The new business will create, underwrite and service business loans that owners of existing assets are unable to resolve
Arrow Global, a leading European investor and alternative asset manager in credit and real estate, today announces the creation of a company dedicated to corporate restructuring to respond to growing opportunities in the Portuguese market.
The new company builds on Arrow Global’s advanced experience and capabilities in Portugal through its Whitestar and Norfin service businesses and broader capabilities across Europe. It will respond to single-name restructuring cases in the region that are currently stuck in the banking sector due to their complexity – whether in non-payment (UTP), non-performing loan (NPL) or bankruptcy situations. . Arrow Global will own the dedicated unit, deploying the capital of Arrow’s Credit Opportunities Fund alongside its institutional clients, while being a third-party service provider.
Launched in early January 2022, the new company will be led by CEO Paulo Barradas, currently Director of Transactions at Norfin, supported by senior recruits bringing M&A and restructuring skills to the Arrow Global group and external industry specialists. . Pedro Ruas will join the platform as a Senior Advisor, bringing over 25 years of experience, working with figures such as Davidson Kempner, KKR, Anacap and Carval.
They will be supported by the head of the origination of Arrow in Portugal, André David Nunes, who works closely with the main Portuguese banks on behalf of the platforms and clients of Arrow, and João Bugalho, CEO of Arrow. Portugal and WhiteStar.
The new business will follow a proven model for Arrow Global and its launch follows the successful growth of Arrow’s Europa Investimenti business in Milan, specializing in bankruptcies, UTPs and special situations in Italy.
Commenting on the new company, Paulo Barradas, CEO, said: “There is a significant and growing opportunity in the Portuguese market and Arrow’s deep-rooted expertise in the region means that it is well positioned to capitalize and provide its clients with solid investment results. By launching this new venture, Arrow is channeling its strong asset management background with a wide range of source contacts in banks in the region to tap this growing market of underserved portfolios.
“Portugal represents a key market for Arrow Global as we consider our pipeline. We are already helping some already struggling or struggling companies in various sectors, and we will help a lot more next year. Banks have learned from the financial crisis and want to identify problematic or potentially problematic situations in time and do not want the NPL exposure they have had in the past. This brings an important risk factor that banks must take into account, restructuring their options and presenting specialists as Arrow with a clear path in as a partner in support of struggling businesses. ”
For more information:
Nick Jones, Director of Corporate Communications
Tom Blackwell, Ambrose Fullalove
0203 727 1051