Jump to content

AnaCap Financial Partners: Difference between revisions

Add links
From Wikipedia, the free encyclopedia
Browse history interactively
← Previous edit
Content deleted Content added
VisualWikitext
Citation bot (talk | contribs)
Bots
5,394,291 edits
Alter: template type. Add: newspaper, date. | Use this bot. Report bugs. | Suggested by Abductive | Category:Private equity firms of the United Kingdom | #UCB_Category 3/69
Citation bot (talk | contribs)
Bots
5,394,291 edits
Altered title. | Use this bot. Report bugs. | Suggested by Abductive | Category:Articles with topics of unclear notability from August 2024 | #UCB_Category 167/907
 
(31 intermediate revisions by 7 users not shown)
Line 1: Line 1:
{{Multiple issues|
{{Infobox_Company |
{{Notability|1=Companies|date=August 2024}}
company_name = AnaCap Financial Partners|
{{Cleanup press release|1=article|date=August 2024}}
company_logo = |
⚫
company_type = [[Private company|Private]]|
⚫
foundation = 2005 |
key_people = Joe Giannamore |
⚫
location = [[London|London, England]] |
⚫
industry = [[Private equity]] |
⚫
products = [[Leveraged buyout]], [[Growth capital]] |
⚫
aum = $5.1 billion|
⚫
homepage = {{url|http://www.anacapfp.com}} |
⚫
num_employees = >40|
}}
}}
{{Infobox company
⚫
'''AnaCap Financial Partners''' is a private equity firm advising funds that invest in the European financial services sector.
| name = AnaCap
⚫
| type = [[Private company|Private]]
⚫
| foundation = 2005
| key_people = Joe Giannamore, Nassim Cherchali, Tassilo Arnhold
⚫
| location = [[London|London, England]]
⚫
| industry = [[Private Equity]]
⚫
| products = [[Leveraged buyout]], [[Growth capital]]
⚫
| aum = $5.1 billion
⚫
| homepage = {{url|http://www.anacap.com}}
⚫
| num_employees = <30
}}
⚫
'''AnaCap Financial Partners''' ('AnaCap') is a London-based British private equity firm advising funds that invest in Software, Technology and Services within the European financial ecosystem.


==History==
==History==
AnaCap Financial Partners was founded in 2005.<ref>{{cite web|title=Company Overview of AnaCap Financial Partners LLP|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25841236|publisher=Businessweek}}</ref> The firm launched its debut fund in 2006, when it raised €300 million and now advises more than €3.5 billion across private equity and credit opportunity strategies including coinvest. AnaCap’s funds have attracted a global investor base including institutions such as [[Goldman Sachs]] and [[Allianz]].<ref>{{cite web|title=AnaCap seeks €900 mln for Fund III|date=6 February 2014|url=http://www.pehub.com/2014/02/anacap-seeks-e900-mln-for-fund-iii/|publisher=Reuters}}</ref>
AnaCap was founded in 2005.<ref>{{cite web|title=Company Overview of AnaCap Financial Partners LLP|url=http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25841236|archive-url=https://web.archive.org/web/20141122182249/http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=25841236|url-status=dead|archive-date=November 22, 2014|publisher=Businessweek}}</ref> The firm launched its debut fund in 2006, when it raised €300 million and has since raised €2.7 billion across 4 private equity funds and various co-investment vehicles. AnaCap’s funds have attracted a global investor base including institutions such as [[Goldman Sachs]] and [[Allianz]].<ref>{{cite web|title=AnaCap seeks €900 min for Fund III|date=6 February 2014|url=http://www.pehub.com/2014/02/anacap-seeks-e900-mln-for-fund-iii/|publisher=Reuters}}</ref><ref>{{Cite web |date=11 December 2009 |title=AnaCap to acquire Czech bank |url=https://www.privateequitywire.co.uk/anacap-acquire-czech-bank/ |access-date=1 March 2024 |website=Private Equity Wire}}</ref>


The firm’s strategy is to invest in Software, Technology and Services within the European financial ecosystem.
==Private Equity==
The firm’s strategy is to invest in European financial services businesses with management teams providing the necessary support to generate exceptional returns. They provide operational support to portfolio companies throughout the life of the investment in order to achieve the targeted objectives. The general business of AnaCap is to source investment opportunities and work with management teams of businesses with growth potential. The methodology that AnaCap follows involves using proprietary data analysis techniques in countries throughout Europe to find opportunities in different markets.<ref>{{cite web|title=Anacap holds €500m close for third flagship fund|date=July 2014|url=https://www.altassets.net/private-equity-news/by-news-type/fund-news/anacap-holds-e500m-close-for-third-flagship-fund.html|publisher=AltAssets}}</ref><ref>{{cite web|title=Aldermore Bank: Challenger bank topping the best buy tables|url=http://money.aol.co.uk/2014/06/24/aldermore-bank-challenger-bank-thats-topping-the-best-buy-tabl/|publisher=Love Money|access-date=2014-07-24|archive-url=https://web.archive.org/web/20140811111043/http://money.aol.co.uk/2014/06/24/aldermore-bank-challenger-bank-thats-topping-the-best-buy-tabl/|archive-date=2014-08-11|url-status=dead}}</ref>


In 2022, Anacap carved out of the credit business into an independent advisory firm called Veld Capital.<ref>{{cite web|title=AnaCap's credit arm spints out to become Veld Capital|date=3 October 2022|url=https://www.altassets.net/market-news/firm-news/anacaps-credit-arm-spins-out-to-become-veld-capital.html}}</ref>
==Credit Opportunities==
AnaCap’s strategy also encompasses European credit opportunities, which the firm has been doing since 2010. Categories that AnaCap focuses on include consumer and small and mid-sized enterprise debt including performing, semi-performing and non-performing assets consisting of loans, leases, securities, residential and [[commercial mortgages]], unsecured consumer loans, and other receivables.

The strategies that AnaCap uses when investing in credit opportunities involve using their proprietary analysis methods, as well as the in-house Minerva platform. The Minerva platform is unique to AnaCap, and provides reporting services to the debt servicers for the credit opportunities assets.<ref>{{cite web|last1=Sakoui|first1=Anousha|title=AnaCap to expand debt purchase arm|url=http://www.ft.com/intl/cms/s/0/39ac9d52-6164-11e0-a315-00144feab49a.html#axzz370DE8fu6}}</ref>


==Leadership==
==Leadership==
Since January 2023, AnaCap has been led by group executive chairman Joe Giannamore and co-managing partners Nassim Cherchali and Tassilo Arnold.<ref>{{cite web|title=AnaCap elevates two to co-managing partner level|url=https://www.pehubeurope.com/anacap-elevates-two-to-co-managing-partner-level/|date=31 January 2023|last=Joseph|first=Irien|publisher=PE Hub Europe}}</ref><ref>{{Cite web |title=Meet The AnaCap Team |url=https://www.anacap.com/our-team/ |access-date=2024-03-08 |website=Anacap |language=en-GB}}</ref>
AnaCap is led by former heads of the UK financing arm of General Motors,<ref>{{cite news|last1=Meads|first1=Simon|title=Blackstone joins with AnaCap for bank deals|newspaper=Reuters|date=3 October 2012|url=http://uk.mobile.reuters.com/article/privateEquityFinancialServicesAndRealEstate/idUKL6E8L35RV20121003}}</ref> co-managing partners Joe Giannamore and Peter Cartwright, and has several other key individuals in leadership positions, including Justin Sulger, Head of Credit,<ref>{{cite web|title=AnaCap promotes Sulger and Cesario to partner|date=30 January 2012|url=http://www.privateequitywire.co.uk/2012/01/30/161328/anacap-promotes-sulger-and-cesario-partner|publisher=PrivateEquityWire}}</ref> Chris Patrick, who serves as Head of Risk and Liability Management, Amber Hilkene, Head of Investor Relations and Communications, and Mike Edwards, Chief Operating Partner. <ref>http://www.anacapfp.com/media/25396/december-14-2015-anacap-promotes-two-to-partner.pdf</ref>

== Investments ==
In May 2019, Anacap acquired a majority stake in the Danish private health insurance platform SunhedsGruppen.<ref>{{Cite web |last=Sheehan |first=Matt |date=2019-05-22 |title=AnaCap takes majority stake in Danish health insurer SundhedsGruppen - Reinsurance News |url=http://www.reinsurancene.ws/anacap-takes-majority-stake-in-danish-health-insurer-sundhedsgruppen/ |access-date=2024-04-12 |website=ReinsuranceNe.ws |language=en}}</ref><ref>{{Cite web |title=AnaCap Financial buys majority stake in health insurance platform SundhedsGruppen |url=https://fintech.global/digitalinsurtechforum/anacap-financial-buys-majority-stake-in-health-insurance-platform-sundhedsgruppen/ |access-date=2024-04-12 |language=en-GB}}</ref>

In August 2019, AnaCap sold its majority stake in German [[payment service provider]] heidelpay to the e-commerce industry Heidelpay to [[Kohlberg Kravis Roberts|KKR]] for more than €600 million,<ref>{{Cite web |title=KKR wins race to buy German payments group for €600m |url=https://www.ft.com/content/65a1b036-b698-11e9-8a88-aa6628ac896c |access-date=2024-03-24 |website=www.ft.com}}</ref><ref>{{Cite web |date=5 August 2019 |title=KKR to acquire majority stake in German fintech heidelpay from AnaCap |url=https://www.privateequitywire.co.uk/kkr-acquire-majority-stake-german-fintech-heidelpay-anacap/ |access-date=24 March 2024 |website=Private Equity Wire}}</ref> which it had acquired  in January 2017 with co-founder and existing management retaining a minority stake.<ref>{{Cite web |date=18 January 2017 |title=AnaCap to acquire German payments provider Heidelpay |url=https://www.fintechfutures.com/2017/01/anacap-to-acquire-german-payments-provider-heidelpay/ |access-date=24 March 2024 |website=Fintech Futures}}</ref>

In July 2020, AnaCap agreed to acquire Amber Financial Investments.<ref>{{Cite web |date=15 December 2020 |title=AnaCap signs third acquisition in the UK wealth management platform space with Novia Financial |url=https://www.finextra.com/pressarticle/85479/anacap-signs-third-acquisition-in-the-uk-wealth-management-platform-space-with-novia-financial |access-date=16 May 2024 |website=Finextra}}</ref> In December 2020, AnaCap acquired the British independent investment platform Novia Financial for an undisclosed sum.<ref>{{Cite web |title=Private equity firm scoops up Novia platform |url=https://www.ftadviser.com/investments/2020/12/15/private-equity-firm-scoops-up-novia-platform/ |access-date=2024-04-11 |website=www.ftadviser.com |language=en}}</ref><ref>{{Cite web |last=Pigden |first=Katey |date=2020-12-15 |title=Novia sells to private equity firm Anacap |url=https://www.moneymarketing.co.uk/news/novia-sells-to-private-equity-firm-anacap/ |access-date=2024-04-11 |website=Money Marketing |language=en}}</ref>

In November 2021, AnaCap bought a majority stake in fintus, a German [[software as a service]] [[Low-code development platform|low-code]] banking platform.<ref>{{Cite web |date=23 November 2021 |title=AnaCap invests in German FinTech fintus |url=https://www.privateequitywire.co.uk/anacap-invests-german-fintech-fintus/ |access-date=14 March 2021 |website=Private Equity Wire}}</ref><ref>{{Cite web |title=AnaCap invests in fintus, a provider of low-code software for the financial services sector |url=https://ibsintelligence.com/ibsi-news/anacap-invests-in-fintus-a-provider-of-low-code-software-for-the-financial-services-sector/ |access-date=2024-03-14 |website=IBS Intelligence |language=en-US}}</ref>

In May 2022, AnaCap, together with US investment banks [[Citigroup|City]] and [[Goldman Sachs]], invested $250 million into Jobandtalent, the Madrid based temporary job platform.<ref>{{Cite web |date=2022-05-05 |title=Boosting flexible wage payments, Jobandtalent gets $250-million debt facility from Citi, Goldman Sachs and AnaCap |url=https://tech.eu/2022/05/05/boosting-flexible-wage-payments-to-workers-jobandtalent-gets-250-million-debt-facility-from-citi-goldman-sachs-and-anacap/ |access-date=2024-03-08 |website=Tech.eu |language=en-GB}}</ref><ref>{{Cite web |title=AnaCap Financial Partners |url=https://www.cbinsights.com/investor/anacap-financial-partners |access-date=8 March 2024 |website=CB Insights}}</ref> In June 2022, AnaCap acquired the Spanish developer of niche health insurance products and services Further Underwriting International for $56 million.<ref>{{Cite web |title=AnaCap Financial Partners to acquire Further Underwriting International for $56m. |url=https://app.mergerlinks.com/transactions/2022-06-07-further-underwriting-international/service-providers |access-date=2024-03-08 |website=app.mergerlinks.com}}</ref><ref>{{Cite web |last=Walker |first=Alastair |date=2022-06-07 |title=Deals: AnaCap Invests in Further Underwriting International - |url=https://insurance-edge.net/2022/06/07/deals-anacap-invests-in-further-underwriting-international/ |access-date=2024-03-08 |website=insurance-edge.net |language=en-US}}</ref> In July 2022, AnaCap invested in pfs, a Spanish provider of software and technological risk lifecycle management services.<ref>{{Cite web |date=2022-07-06 |title=AnaCap backs Spanish fintech pfs |url=https://www.finextra.com/pressarticle/93261/anacap-backs-spanish-fintech-pfs |access-date=2024-03-10 |website=Finextra Research |language=en}}</ref><ref>{{Cite web |last=Walker |first=Alastair |date=2022-07-06 |title=AnaCap Takes a Stake in pfs Software - |url=https://insurance-edge.net/2022/07/06/anacap-takes-a-stake-in-pfs-software/ |access-date=2024-03-10 |website=insurance-edge.net |language=en-US}}</ref>


In March 2023, AnaCap sold Danish Oona Health to Danish insurance firm Topdanmark for $321.25 million.<ref>{{Cite web |last=Mishra |first=Shivam |date=2023-03-17 |title=Denmark's Topdanmark to buy Oona Health for $321m |url=https://www.lifeinsuranceinternational.com/news/topdanmark-to-buy-oona-health/ |access-date=2024-04-18 |website=Life Insurance International |language=en-US}}</ref><ref>{{Cite web |title=AnaCap Financial Partners |url=https://www.cbinsights.com/investor/anacap-financial-partners |access-date=18 April 2024 |website=CBInsights}}</ref>
==News==
AnaCap was involved with the purchase, turnaround, and sale of Cabot Credit Management (CCM). This entity was formed through merging companies Apex Credit Management and Cabot Financial, with CCM ultimately being sold to the firm [[J.C. Flowers & Co.]] in 2013.<ref>{{cite news|last1=Meads|first1=Simon|title=Blackstone joins with AnaCap for bank deals|newspaper=Reuters|date=3 October 2012|url=http://uk.mobile.reuters.com/article/privateEquityFinancialServicesAndRealEstate/idUKL6E8L35RV20121003}}</ref><ref>{{cite web|title=AnaCap seeks €900 mln for Fund III|date=6 February 2014|url=http://www.pehub.com/2014/02/anacap-seeks-e900-mln-for-fund-iii/|publisher=Reuters}}</ref> Also taking place in August 2013 was the management buyout of [[Simply Business]], an online broker which AnaCap was responsible for backing.<ref>{{cite web|title=AnaCap Financial acquires €551 million Italian loan portfolio|date=14 January 2014|url=https://www.altassets.net/private-equity-news/by-news-type/deal-news/anacap-financial-acquires-e551m-italian-loan-portfolio.html|publisher=AltAssets}}</ref>


In April 2024, AnaCap agreed to acquire a majority stake in the real estate management consultancy Yard Reaas, based in Milan, Italy.<ref>{{Cite web |date=9 April 2024 |title=AnaCap to acquire majority stake in earl estate specialist Yard Reaas |url=https://www.privateequitywire.co.uk/anacap-to-acquire-majority-stake-in-earl-estate-specialist-yard-reaas/ |access-date=18 April 2024 |website=Private Equity Wire}}</ref><ref>{{Cite web |last=Joseph |first=Irien |date=2024-04-08 |title=AnaCap to take majority stake in Yard Reaas |url=https://www.pehubeurope.com/anacap-to-take-majority-stake-in-yard-reaas/ |access-date=2024-04-18 |website=PE Hub Europe |language=en-GB}}</ref>
AnaCap agreed to purchase [[Brightside Group PLC]] in May 2014, a British insurance broker for which the firm will pay £127 million. AnaCap has created a company called Belvedere Bidco Ltd. in order to facilitate the purchase.<ref>{{cite web|last1=Kiernan|first1=Kaitlyn|title=AnaCap Financial To Buy Insurance Broker for $215M|url=http://www.law360.com/articles/535990/anacap-financial-to-buy-insurance-broker-for-215m|publisher=Law 360}}</ref>


==References==
==References==

Latest revision as of 17:20, 6 September 2024

AnaCap
Company typePrivate
IndustryPrivate Equity
Founded2005
HeadquartersLondon, England
Key people
Joe Giannamore, Nassim Cherchali, Tassilo Arnhold
ProductsLeveraged buyout, Growth capital
AUM$5.1 billion
Number of employees
<30
Websitewww.anacap.com

AnaCap Financial Partners ('AnaCap') is a London-based British private equity firm advising funds that invest in Software, Technology and Services within the European financial ecosystem.

History

[edit]

AnaCap was founded in 2005.[1] The firm launched its debut fund in 2006, when it raised €300 million and has since raised €2.7 billion across 4 private equity funds and various co-investment vehicles. AnaCap’s funds have attracted a global investor base including institutions such as Goldman Sachs and Allianz.[2][3]

The firm’s strategy is to invest in Software, Technology and Services within the European financial ecosystem.

In 2022, Anacap carved out of the credit business into an independent advisory firm called Veld Capital.[4]

Leadership

[edit]

Since January 2023, AnaCap has been led by group executive chairman Joe Giannamore and co-managing partners Nassim Cherchali and Tassilo Arnold.[5][6]

Investments

[edit]

In May 2019, Anacap acquired a majority stake in the Danish private health insurance platform SunhedsGruppen.[7][8]

In August 2019, AnaCap sold its majority stake in German payment service provider heidelpay to the e-commerce industry Heidelpay to KKR for more than €600 million,[9][10] which it had acquired  in January 2017 with co-founder and existing management retaining a minority stake.[11]

In July 2020, AnaCap agreed to acquire Amber Financial Investments.[12] In December 2020, AnaCap acquired the British independent investment platform Novia Financial for an undisclosed sum.[13][14]

In November 2021, AnaCap bought a majority stake in fintus, a German software as a service low-code banking platform.[15][16]

In May 2022, AnaCap, together with US investment banks City and Goldman Sachs, invested $250 million into Jobandtalent, the Madrid based temporary job platform.[17][18] In June 2022, AnaCap acquired the Spanish developer of niche health insurance products and services Further Underwriting International for $56 million.[19][20] In July 2022, AnaCap invested in pfs, a Spanish provider of software and technological risk lifecycle management services.[21][22]

In March 2023, AnaCap sold Danish Oona Health to Danish insurance firm Topdanmark for $321.25 million.[23][24]

In April 2024, AnaCap agreed to acquire a majority stake in the real estate management consultancy Yard Reaas, based in Milan, Italy.[25][26]

References

[edit]
  1. ^ "Company Overview of AnaCap Financial Partners LLP". Businessweek. Archived from the original on November 22, 2014.
  2. ^ "AnaCap seeks €900 min for Fund III". Reuters. 6 February 2014.
  3. ^ "AnaCap to acquire Czech bank". Private Equity Wire. 11 December 2009. Retrieved 1 March 2024.
  4. ^ "AnaCap's credit arm spints out to become Veld Capital". 3 October 2022.
  5. ^ Joseph, Irien (31 January 2023). "AnaCap elevates two to co-managing partner level". PE Hub Europe.
  6. ^ "Meet The AnaCap Team". Anacap. Retrieved 2024-03-08.
  7. ^ Sheehan, Matt (2019-05-22). "AnaCap takes majority stake in Danish health insurer SundhedsGruppen - Reinsurance News". ReinsuranceNe.ws. Retrieved 2024-04-12.
  8. ^ "AnaCap Financial buys majority stake in health insurance platform SundhedsGruppen". Retrieved 2024-04-12.
  9. ^ "KKR wins race to buy German payments group for €600m". www.ft.com. Retrieved 2024-03-24.
  10. ^ "KKR to acquire majority stake in German fintech heidelpay from AnaCap". Private Equity Wire. 5 August 2019. Retrieved 24 March 2024.
  11. ^ "AnaCap to acquire German payments provider Heidelpay". Fintech Futures. 18 January 2017. Retrieved 24 March 2024.
  12. ^ "AnaCap signs third acquisition in the UK wealth management platform space with Novia Financial". Finextra. 15 December 2020. Retrieved 16 May 2024.
  13. ^ "Private equity firm scoops up Novia platform". www.ftadviser.com. Retrieved 2024-04-11.
  14. ^ Pigden, Katey (2020-12-15). "Novia sells to private equity firm Anacap". Money Marketing. Retrieved 2024-04-11.
  15. ^ "AnaCap invests in German FinTech fintus". Private Equity Wire. 23 November 2021. Retrieved 14 March 2021.
  16. ^ "AnaCap invests in fintus, a provider of low-code software for the financial services sector". IBS Intelligence. Retrieved 2024-03-14.
  17. ^ "Boosting flexible wage payments, Jobandtalent gets $250-million debt facility from Citi, Goldman Sachs and AnaCap". Tech.eu. 2022-05-05. Retrieved 2024-03-08.
  18. ^ "AnaCap Financial Partners". CB Insights. Retrieved 8 March 2024.
  19. ^ "AnaCap Financial Partners to acquire Further Underwriting International for $56m". app.mergerlinks.com. Retrieved 2024-03-08.
  20. ^ Walker, Alastair (2022-06-07). "Deals: AnaCap Invests in Further Underwriting International -". insurance-edge.net. Retrieved 2024-03-08.
  21. ^ "AnaCap backs Spanish fintech pfs". Finextra Research. 2022-07-06. Retrieved 2024-03-10.
  22. ^ Walker, Alastair (2022-07-06). "AnaCap Takes a Stake in pfs Software -". insurance-edge.net. Retrieved 2024-03-10.
  23. ^ Mishra, Shivam (2023-03-17). "Denmark's Topdanmark to buy Oona Health for $321m". Life Insurance International. Retrieved 2024-04-18.
  24. ^ "AnaCap Financial Partners". CBInsights. Retrieved 18 April 2024.
  25. ^ "AnaCap to acquire majority stake in earl estate specialist Yard Reaas". Private Equity Wire. 9 April 2024. Retrieved 18 April 2024.
  26. ^ Joseph, Irien (2024-04-08). "AnaCap to take majority stake in Yard Reaas". PE Hub Europe. Retrieved 2024-04-18.
Retrieved from "https://en.wikipedia.org/enwiki/w/index.php?title=AnaCap_Financial_Partners&oldid=1244368006"