AnaCap Financial Partners: Difference between revisions
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As of September 2019, AnaCap had completed 68 investments in 11 EU countries, with a total face exceeding €20 billion.<ref name=":0" /> |
As of September 2019, AnaCap had completed 68 investments in 11 EU countries, with a total face exceeding €20 billion.<ref name=":0" /> |
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In September 2019, the firm has raised over €1 billion of capital to buy performing and non-performing loans in Europe. Approximately €200 million of that money was used for non-performing loans in [[Portugal]].<ref>{{Cite web|title=Subscribe to read {{!}} Financial Times|url=https://www.ft.com/content/53c0f79e-d936-11e9-8f9b-77216ebe1f17|website=www.ft.com|access-date=2020-05-13}}</ref> |
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In January 2020, AnaCap made a [[Paris]] real estate investment for an undisclosed amount. The Grade A office property is located in [[Bobigny]], along the [[Canal de l'Ourcq|Canal de l’Ourcq]] and in front of the area's metro station.<ref>{{Cite web|title=AnaCap makes Paris real estate investment|url=https://www.propertyfundsworld.com/2020/01/14/281937/anacap-makes-paris-real-estate-investment|date=2020-01-14|website=www.propertyfundsworld.com|language=en|access-date=2020-05-13}}</ref> |
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In February 2020, the firm announced plans to acquire a [[Financial technology|wealthtech]] platform, Wealthtime. This development is the first investment in a sector growth and consolidation strategy for AnaCap.<ref>{{Cite web|title=AnaCap to acquire Wealthtime|url=https://www.finextra.com/pressarticle/81468/anacap-to-acquire-wealthtime|date=2020-02-12|website=Finextra Research|language=en|access-date=2020-05-01}}</ref> |
In February 2020, the firm announced plans to acquire a [[Financial technology|wealthtech]] platform, Wealthtime. This development is the first investment in a sector growth and consolidation strategy for AnaCap.<ref>{{Cite web|title=AnaCap to acquire Wealthtime|url=https://www.finextra.com/pressarticle/81468/anacap-to-acquire-wealthtime|date=2020-02-12|website=Finextra Research|language=en|access-date=2020-05-01}}</ref> |
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Revision as of 15:42, 13 May 2020
AnaCap Financial Partners is a private equity firm advising funds that invest in the European financial services sector. The fund focuses on mid-market investments that typically range between €15m and €75m.[1]
History
AnaCap Financial Partners was founded in 2005.[2] 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.[3]
Private Equity
The firm’s strategy is to invest in European financial services businesses with management teams providing the necessary support to generate 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.[4][5]
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.[6]
Leadership
AnaCap is led by former heads of the UK financing arm of General Motors,[7] co-managing partners Joe Giannamore and Peter Cartwright, and has several other key individuals in leadership positions, including Justin Sulger, Head of Credit,[8] 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. [9][10]
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.[11][12] Also taking place in August 2013 was the management buyout of Simply Business, an online broker which AnaCap was responsible for backing.[13]
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.[14]
As of September 2019, AnaCap had completed 68 investments in 11 EU countries, with a total face exceeding €20 billion.[1]
In September 2019, the firm has raised over €1 billion of capital to buy performing and non-performing loans in Europe. Approximately €200 million of that money was used for non-performing loans in Portugal.[15]
In January 2020, AnaCap made a Paris real estate investment for an undisclosed amount. The Grade A office property is located in Bobigny, along the Canal de l’Ourcq and in front of the area's metro station.[16]
In February 2020, the firm announced plans to acquire a wealthtech platform, Wealthtime. This development is the first investment in a sector growth and consolidation strategy for AnaCap.[17]
References
- ^ a b FinSMEs (2019-09-18). "AnaCap Closes Fourth Credit Fund, at €1 Billion". FinSMEs. Retrieved 2020-05-01.
- ^ "Company Overview of AnaCap Financial Partners LLP". Businessweek.
- ^ "AnaCap seeks €900 mln for Fund III". Reuters.
- ^ "Anacap holds €500m close for third flagship fund". AltAssets.
- ^ "Aldermore Bank: Challenger bank topping the best buy tables". Love Money. Archived from the original on 2014-08-11. Retrieved 2014-07-24.
- ^ Sakoui, Anousha. "AnaCap to expand debt purchase arm".
- ^ Meads, Simon. "Blackstone joins with AnaCap for bank deals".
- ^ "AnaCap promotes Sulger and Cesario to partner". PrivateEquityWire.
- ^ http://www.anacapfp.com/media/25396/december-14-2015-anacap-promotes-two-to-partner.pdf
- ^ "Leadership team".
{{cite web}}: CS1 maint: url-status (link) - ^ Meads, Simon. "Blackstone joins with AnaCap for bank deals".
- ^ "AnaCap seeks €900 mln for Fund III". Reuters.
- ^ "AnaCap Financial acquires €551 million Italian loan portfolio". AltAssets.
- ^ Kiernan, Kaitlyn. "AnaCap Financial To Buy Insurance Broker for $215M". Law 360.
- ^ "Subscribe to read | Financial Times". www.ft.com. Retrieved 2020-05-13.
{{cite web}}: Cite uses generic title (help) - ^ "AnaCap makes Paris real estate investment". www.propertyfundsworld.com. 2020-01-14. Retrieved 2020-05-13.
- ^ "AnaCap to acquire Wealthtime". Finextra Research. 2020-02-12. Retrieved 2020-05-01.