TDR Capital, a British private equity firm, completed the acquisition of Arrow Global, a company offering debt purchase and management solutions, for $741m. "Arrow is a great company and, over the past two years, has taken significant and successful steps in its journey to becoming a fully integrated asset manager. In November 2020, in response to an increasingly attractive operating environment, the leadership team set out an accelerated strategy to enable Arrow to grow funds under management and increase capital light earnings while at the same time deleveraging. This strategy was well received by our clients, customers and investors, and is fully supported by TDR Capital," Jonathan Bloomer, Arrow Chairman. On March 31, 2021, Arrow Global agreed to sweetened $774m bid from TDR Capital.