An asset manager specialising in credit and real estate has taken full control of a real estate finance provider.
Manchester-headquartered Arrow Global Group has snapped up the remaining shares in Maslow Capital it did not already own.
The group initially purchased a significant minority stake in December 2021.
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Arrow Global itself was taken over by TDR Capital, the private equity firm which helped the billionaire Issa brothers acquire Asda, in a £565m deal in October 2021.
Maslow Capital is headquartered in London and has backed landmark developments across the country.
The company will continue to be led by chairman Marc Rose and chief executive Ellis Sher.
Zach Lewy, group CEO and CIO of Arrow Global, said: "Arrow invests across European geographies, asset classes and positions in the capital stack.
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"To execute this strategy, we have developed our geographical and asset class expertise.
"Maslow is an accretive addition to our existing direct lending strategy which includes specialist mortgage and term products through RNHB.
"Being part of the Arrow platform will allow Maslow to expand its services across Europe. We are delighted to announce the full acquisition."
In a joint statement Marc Rose and Ellis Sher added: "We look forward to leveraging Arrow’s deep platform capabilities across Europe and to develop Maslow into a leading pan-European real estate finance provider.
"This acquisition marks the beginning of our broader strategy to offer adaptable, innovative, and timely real estate financing solutions throughout Europe’s living sectors, using Arrow’s extensive resources and capital to create value for all stakeholders."