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Anacap eyes Aldermore bank exit at up to £900m valuation

17 Mar 2014

news_pounds_lrgEuropean buyout house Anacap Financial Partners has reportedly hired Credit Suisse and Deutsche Bank to run an IPO of British bank Aldermore which could see it valued at up to £900m.

Anacap plans to list the business in the autumn according to the Sunday Times, which did not say where the information came from.

Morgan Stanley Alternative Investment Partners invested £45m in Aldermore in 2009, when it was known as Ruffler, alongside Anacap.

That deal was the first time a private equity firm had bought a UK-incorporated deposit-taking bank.

Aldermore raised £40m of new capital in December to help it with its growth aspirations, Reuters added.

Last month Anacap bought a €700m portfolio of non-performing loans from banking group UniCredit in its latest deal in Italy.

UniCredit said that the sale of the portfolio, which included around 1,000 credit positions, was agreed in mid-December. It was Anacap’s fifth deal in Italy in the past 12 months.

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