AnaCap Financial Partners announced yesterday the acquisition of a portfolio of performing loans to Italian SMEs, mainly concentrated in Northern Italy, worth 4 billion euros from an important Italian bank with which it has already carried out transactions previously (see here the press release).
The acquisition is the first investment of the Credit Opportunities Fund IV, which announced the first closing of its fundraising last November (the third fund had been closed in June 2016 with a total of 595 million euros raised).
Since 2012, AnaCap has already acquired over 13 billion euros of performing and non performing loans in Italy in 15 different transactions. In particular, in 2017 AnaCap had acquired 177 million euros of performing and non-performing loans to SMEs from Barclays (see here a previous post by BeBeez), while in 2018 the AnaCap funds bought 225 million Npl from Volksbank (141 million euro) and Banca di Pisa e Fornacette (84 million euro), managed by the Roman servicer Phoenix Asset Management (see here a previous post by BeBeez)), of which AnaCap bought a stake through PC3 in March 2018 (see here a previous post BeBeez).
AnaCap Financial Partners is one of the leading asset managers in European financial services, through credit and private equity strategies. Since 2005 it has raised funds for 4.4 billion euro and made over 65 investments in 14 countries. The name AnaCap comes from the abbreviation of “Analytics before Capital”, on the basis of which the company operates. The investment approach of AnaCap is based on Minerva, the company’s proprietary digital platform.