The portfolio – which comprises performing and non-performing loans (NPLs) to primarily small- and mid-sized corporates – is secured against real estate located mostly in the north of Italy.
This latest announcement follows news last year that AnaCap Credit Fund had acquired three portfolios of unsecured and secured NPLs from GE, Royal Bank of Scotland and UniCredit totalling approximately £2.2bn (€2.5bn).
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Jacqueline Li, investment manager at AnaCap Financial Partners LLP, said: “AnaCap has leveraged its extensive track record in Italy, and more broadly across Europe, in addressing complex portfolios of performing and non-performing debt, highly varied in both asset type and servicing requirements, to provide a solution for a vendor well known to AnaCap.”
Last month, AnaCap Private Equity Funds revealed that it had signed an agreement to acquire Barclays’ French retail banking operations.
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