AnaCap Financial Partners LLP, a London-based European private equity firm that specialises in the financial services sector, is to acquire Banco Popolare Ceská Republika.
Banco Popolare Ceská Republika a.s., a fully licensed Czech subsidiary of Italy’s Banco Popolare, incorporates a seven branch network serving corporate and retail customers.
According to AnaCap, following the completion of the acquisition, subject to confirmatory due diligence and all regulatory approvals, the firm’s partners will seek to broaden the product mix, deepen management capabilities, and optimise the management of assets and liabilities at the bank.
Earlier this summer, AnaCap completed fundraising for a new €575m fund backed by Goldman Sachs, Morgan Stanley Alternative Investment Partners and Allianz.
It recently completed important transactions including the acquisitons of Cattles Invoice Finance, Mediterranean Bank, a Malta-based private bank, and Aldermore, a UK incorporated deposit-taking bank.