An investor consortium comprising US private equity firm Centerbridge Partners and financial services-focused investor Anacap are amongst bidders in line to acquire Spanish commercial group EVO Banco, according to the Financial Times.
The consortium is one of five bidders for the unit, part of Spanish financial institution NCG Banco, which could see itself up for sale as Spain seeks to offload some of the distressed lenders it was forced to bail out at the height of the crisis.
Earlier this year, AnaCap exited its investment in UK debt purchasing firm Cabot Credit Management to fellow private equity firm J.C. Flowers & Co.
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