Arrow to Take Over French Debt Collector in Debt Deal (1)

UK asset manager Arrow Global is poised to take over iQera Group as part of a debt overhaul agreed with the majority of its creditors after months of negotiations.

A fund of Arrow Global, which holds a portion of the notes, will become the controlling shareholder in the French debt collector’s business under the deal, iQera said in a statement Thursday. The company — currently backed by private equity firms BC Partners and Montefiore Investment — aims to complete the restructuring by the first half of 2025.

The deal will allow iQera’s other creditors to concede their newly-acquired equity in ...