Slaughter and May is advising Arrow Global Group PLC, one of the UK's largest providers of debt purchase and receivables management solutions, on the proposed acquisition of Capquest. Capquest is a UK consumer debt purchaser and outsourced collections provider and is being purchased from a fund controlled by TowerBrook Capital Partners L.P. at an enterprise value of £158 million.

Arrow Global will finance the acquisition from its existing cash resources and debt and has put in place a committed bridge facility.

The acquisition is subject to approval of Arrow Global's shareholders and is expected to complete in the fourth quarter of 2014.

Slaughter and May supported Arrow Global's general counsel Stewart Hamilton and senior legal counsel James Shallcross.

CONTACTS

Corporate and Commercial: David Johnson (partner), Susannah Macknay (partner), Victoria MacDuff (associate), James Bridges (associate), Harry Hecht (associate), James Foster (associate), Raghav Ghai (associate); Financing: Guy O'Keefe (partner), Robert Byk (partner), Oliver Wicker (associate), George Silber (associate); Tax: Jeanette Zaman (partner), Homyar Pahlan (associate); Intellectual Property: Cathy Connolly (partner), Laura Houston (associate)