AnaCap to acquire €177m loan portfolio from Barclays
Private equity firm AnaCap Financial Partners will acquire a portfolio of Italian performing and non-performing corporate secured loans from Barclays.
The portfolio, which has a gross book value of €177 million, comprises loans to primarily small and mid-sized corporates secured against real estate located mostly in the north of Italy.
The agreement follows AnaCap’s Credit Funds’ acquisition last year of three portfolios of unsecured and secured non-performing loans from GE, RBS and UniCredit, totalling close to €2.5 billion.
This latest deal is interesting as it shows how big banks are shedding their international ambitions and retrenching.
Along with the deals above, Anacap has been busy.
It is taking over a controlling stake in Heidelpay, an online payment service provider (PSP) in Germany.
AnaCap Private Equity Funds also announced the signing of an agreement with Barclays to acquire its French retail banking operations, which would become the Private Equity Funds sixth banking platform in Europe.