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Cerberus beats Apollo to win Project Arrow for around €800m

Cerberus Capital Management has won the last major NAMA non-performing loan portfolio of the year, Project Arrow, believed to be paying around €800m for the pool of Irish real estate loans.
By James Wallace
October 23, 2015 | 8:43 P.M.

Cerberus logoNAMA confirmed Cerberus’ selection as the preferred bidder today after a detailed due diligence period following the receipt of the two final binding bids on 12 October. There was considerable speculation that underbidder Apollo would not submit a binding bid but this proved false.

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